Rare Trading Rules forthcoming

Recently, news that the Baotou Rare Earth Exchange is currently in the construction phase, is expected to be introduced in August this year trading rules. Some analysts said, affected, rare earth stocks are expected to short-term oversold bounce, the proposed greater flexibility may be concerned about the performance of listed companies. Kinwa new materials industry as the leading domestic listed company intends to acquire rare earth mine thick ground for entry into the field of deep processing of rare earth major step.

Baotou Rare Earth Stock Exchange by 10 companies each invested 10 million yuan from the formation. 10 companies, both from Baotou, Gansu and other northern areas of rare earth enterprises, but also from Guangdong, Sichuan, Xiamen and other southern regions of rare earth enterprises, as well as including three central enterprises. Baotou Rare Earth Exchange is currently still in the construction phase, is expected to be held in August this year "Fourth China Baotou Rare Earth Industry Forum" announced progress in the introduction of trading rules. Baotou Rare Earth Exchange to create an enabling independent pricing throughout the rare earth industry to grasp the concept of rare earth formed some good boost.

Kinwa as domestic industries and R & D of new materials and thus leading enterprises, as early as 2007 on the proposed expansion to the upstream resources development strategy. Because if we can grasp the upstream resources, will be the company's research and development of new materials and production of great benefit. March 2013, the company announced to be non-public offering of shares to raise funds for the acquisition of Johnson thick to Rare Earth.

It is noteworthy that thick to Rare Earth subsidiary Xichang Chi can have rare earth ore Johnson mainland slot mining rights. Johnson mainland slot rare earth ore for China's third-largest rare earth mine in Dun reserves of 700,000 or more. Through ten years of development, China has been confirmed as a single large deposit slot Bastnaesite rare earth deposits, mining and beneficiation indicators of good development conditions, the rare earth elements europium, yttrium, the heavy rare earths, compared with the same type of high-grade mines .

Currently, rare earth ore Johnson mainland trough filing of new reserves is ongoing, "Sichuan Province Township DeChangXian continent groove exploration of rare earth ore mining on the 3rd year 2012 Geological Report" has been completed, according to the expert review comments and thick ground The actual mining of rare earth needs, geological team is currently undergoing further geological exploration, so that a comprehensive evaluation of the entire mine is expected to be completed before the end of July geological exploration work. Moreover, the current overhaul of existing production lines, commissioning work has been completed, already has started production conditions. Subject to detailed geological exploration work is completed, the company will start production as soon as possible. The past two years, the mainland trough DeChangXian constantly being proven reserves of rare earth ore reserves increased doubt, worthy of investor expectations.

According to the relevant analysis, the company involved in this case earth, master upstream resources, will be the company's research and development of new materials and production of great benefit. If successful acquisition Kinwa will immediately begin to introduce a listed company management mechanism and experience of production and management processes to regulate, alter thick to Rare original extensive management mode, improve operational efficiency, and gradually expand production capacity, and thus enhance the company's overall business revenue and profitability.


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