Issue Date: June 20, 2011
Arkema To Invest In Fluorspar
Arkema plans to invest more than $100 million to develop a 122,000-metric-ton-per-year fluorspar mine with partner Canada Fluorspar to provide feedstock for its North American fluorochemical operations. Fluorspar is used to make hydrofluoric acid, a raw material for refrigerants and fluoropolymers. Shortages of the mineral from China have driven up prices and forced users to seek alternative sources (C&EN, Oct. 11, 2010, page 20). Arkema's investment will give it a nearly 20% equity stake in Canada Fluorspar and a 50% share in the mining firm's St. Lawrence mine in Newfoundland, which is scheduled to start up in early 2013.
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