Notice Pursuant to the National Cooperative Research and Production Act of 1993-Rare Earth Industry and Technology Association, 25293-25294 [2010-10465]

Agencies

• Antitrust Division
• Department of Justice

[Federal Register Volume 75, Number 88 (Friday, May 7, 2010)]
[Notices]
[Pages 25293-25294]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-10465]


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DEPARTMENT OF JUSTICE

Antitrust Division


Notice Pursuant to the National Cooperative Research and 
Production Act of 1993--Rare Earth Industry and Technology Association

    Notice is hereby given that, on March 22, 2010, pursuant to Section 
6(a) of the National Cooperative Research and Production Act of 1993, 
15 U.S.C. 4301 et seq. (``the Act''), the Rare Earth Technology 
Consortium (``RETC'') has filed written notifications simultaneously 
with the Attorney General and the Federal Trade Commission disclosing 
(1) the identities of the parties to the venture and (2) the nature and 
objectives of the venture. The notifications were filed for the purpose 
of invoking the Act's provisions limiting the recovery of antitrust 
plaintiffs to actual damages under specified circumstances.
    Pursuant to Section 6(b) of the Act, the identities of the parties 
to the venture are: Rare Earth Industry and Tecimology Association, 
Greenwood Village, CO; Global Tungsten & Powders Corp., Towanda, PA; 
General Electric Company, Niskayuna, NY; Arnold Magnetic Technologies 
Corp., Rochester, NY; Electron Energy Corp., Landisville, PA; Colorado 
School of Mines, Golden, CO; Worcester Polytechnic Institute, 
Worcester, MA; Iowa State University, Ames, IA; University of Delaware, 
Newark, DE; Rare Element Resources, Vancouver, British Columbia, 
CANADA; and Molycorp Minerals LLC, Greenwood Village, CO. The general 
areas of RETC's planned activities are to (a) improve the business 
conditions of entities engaged in all points of the production chain 
for rare earths magnets and other materials and products beginning with 
extraction of rare earths and ending with marketing and sale of such 
materials and products (``Rare Earth Companies''), while providing 
guidance for such companies to act as responsible stewards of rare 
earth resources; (b) promote the common business interests of Rare 
Earth Companies by establishing a consortium compromised of commercial, 
charitable, academic and state and local government organizations that 
work together to identify, develop, manage and implement rare earth 
projects that benefit for profit, nonprofit, government and charitable 
entities, including, without limitation, military and commercial 
entities, and in doing so to commercialize rare earth research, 
technology and use for dual-purpose

[[Page 25294]]

military/civilian use; (c) create an effective teaming environment 
among its members for purposes of identifying rare earth related 
opportunities that can be developed into applications that serve 
military and commercial markets through shared public and private 
investment; and (d) enter into, or coordinate with Rare Earth Industry 
and Technology Association (REITA) and/or the individual members of the 
Consortium as they enter into, agreements with the U.S. Army (REITA and 
the U.S. Army shall designate the parties to each such agreement) known 
as a ``Section 845 Other Transactions Agreement'' or ``OTA'' for the 
purpose of funding certain work to be conducted in partnership with the 
U.S. government and the Consortium or any one or more of its members 
acting through the Consortium for the benefit of the U.S. Army Armament 
Research, Development and Engineering Center (``ARDEC'') to utilize 
rare earth products and technology to enhance the U.S. military's war 
fighting capabilities for the national defense.

Patricia A. Brink,
Deputy Director of Operations, Antitrust Division.
[FR Doc. 2010-10465 Filed 5-6-10; 8:45 am]
BILLING CODE 4410-11-M