Baotou Steel Rare Earth integration 12 companies over the past year to no avail some enterprises to transition

Since the reorganization of the Framework Agreement signed by the end of 2012, with 12 of Inner Mongolia Baotou Steel Rare-earth Enterprises upstream integration have not yet seen substantial progress, is still in a kind of "delegated management" of the state.

Reporters learned that led to this situation, the Ministry of Industry issued a rare earth smelting and separation products mandatory plan targets "adequate", there are generous investment enterprise integrating scientific research, I hope in the downstream portion of polishing powder material applied technological breakthrough, which profitable.

Currently still in the early stages

May 4, 2011, Inner Mongolia introduced the "rare earth upstream enterprise integration phase work program", the local 35 companies will be mergers and acquisitions, compensation off, out of shutting down. By the end of 2012, Baotou Steel Rare Earth with one of the 12 companies signed a framework agreement on restructuring, Baotou Steel Rare Earth, general manager Zhang told the "Daily Economic News" reporter, said the Baotou Rare Earth integration has not yet completed "first step", he used "stage Completions "to describe the progress of integration.

August 8, Zhang said in an interview with reporters, 12 "incorporated" into the Group's business has not been substantive consolidation, is still in the early stages of integration, because "Assessing do account" and so on.

Zhang told reporters that currently doing preliminary work including the assessment of the time required by the agreement on the principle. Pursuant to the Framework Agreement, the reorganization of the 12 companies and their shareholders must agree to the Baotou Rare Earth free transfer 51% stake in enterprises, consistent with the Baotou Rare Earth Development Plan and to achieve compliance with national environmental standards. Baotou Steel Rare Earth in talent, technology, capital, rare earth resources, mandatory production plan targets and export quotas to give 12 corporate support.

Been integrated enterprise restructuring plan

Multibyte insiders told reporters that the Baotou Rare Earth integration 12 companies real difficulty lies in the smelting and separation indicator is not enough.

One yuan close to being integrated enterprise, told reporters that, by integration, the 12 enterprises obtained only from the Baotou Rare Earth mandatory targets. Baotou Steel Rare Earth under which there are two separate companies, had only two indicators of enterprises now pay would give 12 companies, is a typical enough to go around.

Be integrated with a home business, for example, concentrates before 1000 tons monthly subsistence, and now can only get five million tons Baotou Rare Earth Concentrate targets. Above estimates, 14 separate business capacity equivalent to a minimum of approximately 80,000 tons oxide calculation, but only 35,000 tons Baotou Steel Rare Earth Separation smelting targets.

Currently 12 companies are not included in the staffing and financial Baotou Steel Rare Earth unified management, namely in the "food" in the case financing. "Only smelting separation part, this is more of a delegated administration." The person said.

Zhang claimed, "We will guide these companies, relative to the number of downstream industrial transfer, or in the centralized control of the upstream efficiency based."

One yuan of anonymity, informed sources told reporters that "centralized control to improve efficiency," then, is integrated part of the enterprise smelting and separation capacity is likely to be shut down, because according to the agreement, environmentally unqualified enterprises will not get mandatory targets, that can not get raw materials, and environmental standards are more stringent.

"Now there is no through environmentally friendly, want to come is not easy, it must comply with the Baotou Rare Earth planning." Zhang said.

Not long ago, Baotou Steel Rare Earth to convene a meeting of its 12 companies, said on December 31 this year, 12 companies can no longer tailings drainage. One yuan is integrated company official told reporters that last year did not profitable enterprise, mainly invested heavily in research and environmental protection, including research and development investments accounted for more than 30% of sales revenue is to be able to apply in the downstream polishing powder materials some technological breakthrough.

The official said, because the input is too large, the next two years is estimated will still not profitable. He will also make a separate link smelting enterprises because of "concentration of production" and was prepared to shut down, now this part of the business has been compressed to a proportion of the total business of 20%.


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