Arafura Resources NL (ARAFF)

[Pro-Life]

9 July 2010 CHINESE RARE EARTHS EXPORT QUOTA SIGNIFICANTLY REDUCED FOR SECOND HALF OF 2010

HOLY COW.!. Are you guys getting this!?!:

http://www.lynascorp.com/content/upload/files/Announcements/2010/Chinese_RE_Quota_090710_863410.pdf

The Ministry of Commerce of the People’s Republic of China has released 7,976 tonnes of approved Rare Earths export quota for the second half of 2010. This includes export quota for both foreign-invested firms (1,768 tonnes) and local firms (6,208 tonnes).

The total export quota for 2010 (30,259 tonnes) is 40% less than the total export quota for 2009 (50,145 tonnes). In addition, the export quota for the second half of 2010 (7,976 tonnes) is 72% less than the export quota for the second half of 2009 (28,417 tonnes)...

Export quotas on Rare Earths products were introduced by the Chinese government in 2003 to limit the export of China’s strategic resource. The 2010 regulatory constraints of Rare Earths supply from China, which supplies over 90% of Rare Earths to the world, is a significant reduction in product available for export.