InfoAnda - Japan, Vietnam agree on rare earths, nuclear power

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Japan, Vietnam agree on rare earths, nuclear power AP - Sunday, October 31 Send IM Story Print HANOI, Vietnam – Vietnam has chosen Japan as a partner to mine rare earth metals and develop nuclear power in the Communist country, Japanese Prime Minister Naoto Kan said Sunday. Kan made the comments to reporters after meeting with his Vietnamese counterpart, Nguyen Tan Dung, in Hanoi and said it was a sign of the "strategic partnership between the two countries." Japan earlier this month announced plans to begin mining in Vietnam for rare earth metals used in the manufacture of high-tech products such as laptops, cell phones and hybrid cars, in a bid to reduce its dependence on China, which produces some 97 percent of the world's supply. China has blocked rare earths shipments to Japan following a diplomatic spat between the two countries over disputed islands in the East China Sea, after a collision of a Chinese fishing trawler with two Japanese patrol boats. U.S. Secretary of State Hillary Rodham Clinton recently called the export block a "wake-up call" for the world to find additional sources of rare earths. Vietnam has plans to build eight nuclear power plants by 2030 to meet rising energy demand. Currently, hydropower contributes more than a third of the country's energy. Kan confirmed that Japan would help Vietnam develop nuclear power. Also Sunday, Russian President Dmitry Medvedev met with his Vietnamese counterpart Nguyen Minh Triet and witnessed the formal signing of a deal to build Vietnam's first nuclear power plant. The two countries agreed to the deal last year, and construction is to start in 2014 and be completed in 2020. Russia's state atomic corporation Rosatom said in a statement that it will built two reactors at the plant with a total capacity of 2,400 megawatts. Like Japan, Russia is anxious to gain a footing in Vietnam's fast-expanding nuclear power market. Rosatom chief Sergey Kiriyenko told Russia's ITAR-Tass news agency in Hanoi that Moscow is negotiating with Vietnam to build two more reactors and is "aware of worthy competitors from other countries." On Saturday, Vietnam hosted a summit of East Asian leaders, including Kan. Top officials from the U.S. and Russia also attended. ___ Associated Press writer Nataliya Vasilyeva in Moscow contributed to this report. Recommend Send IM Story Print Related Articles RPT-Qatar Airways urges more access to Canadian market Reuters - 25 minutes ago US-BUSINESS Summary Reuters - 1 hour 54 minutes ago The politics of the Fed's easy money Reuters - 1 hour 55 minutes ago Dubai's Mashreq bank Q3 profit falls 3 pct Reuters - Monday, November 1 Jordan's Arab Bank 9-month profit down 19.7 pct Reuters - Monday, November 1 News Search Top Stories Yemen hunts suspects behind air parcel bombs Ivory Coast votes in key presidential poll Italian jackpot record picked up Australia, Singapore PMs discuss bourses merger Demonstrators flock to Washington for comics' 'Sanity' rally More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Miss US crowned Miss World 2010 Indonesia volcano erupts again Demonstrators flock to Washington for comics' 'Sanity' rally Yemen hunts suspects behind air parcel bombs DHL tightens checks on freight traffic from Yemen: ministry More Most Viewed » Time, like all good things, may come to an end: study Spectacular unknown species found in Amazon Iranian chocolate thief 'to have hand chopped off' Ancient galaxy is more than 13 billion light years away Moon's 'treasure chest' includes silver More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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