Inner Mongolia Rare upstream integration 9

Inner Mongolia Baotou Steel Group 2 disclosed, December 31, 2013 , the Group and the Inner Mongolia 9 RE upstream companies signed the " Inner Mongolia Rare upstream integration and restructuring agreement" marks the re-integration of upstream enterprises in Inner Mongolia Rare fully completed the initiatives to protect the environment , conserve resources , and promote the healthy and orderly development of China's rare earth industry has an important significance.

Inner Mongolia Academy of Social Sciences Institute of Economics at the light army considers acceptable WASHINGTON reporter interview , Inner Mongolia Baotou Steel integrate deeper meaning nine upstream of rare earth , rare earth products to change the export structure , the formation of a greater competitive advantage , Also the number of rare earth enterprises , " alliance" , can form a consistent export policy is expected to change the status of rare earth exports disorderly competition was formed .

Baotou Iron and Steel Group announced details of the 2nd of the " integration" Background : In 2010, Inner Mongolia Autonomous Region issued the " work program on the development of rare earth resources in order to carry out special rectification " clearly rare earth exploration within the scope of Inner Mongolia Autonomous Region , mining , beneficiation , smelting of Steel franchise . December 27, 2012 , with 12 participating in the Baotou Rare Earth integration and restructuring companies signed the " Inner Mongolia Rare Earth upstream integration and restructuring framework agreement ," a key step in Inner Mongolia Rare upstream integration and restructuring . The agreement, these 12 companies and their shareholders agreed to free transfer of 51% stake in the business to the Baotou Rare Earth . After the reorganization formalities completed, according to Inner Mongolia Baotou Steel Rare Earth respective development policies at all levels of local government and the Baotou Rare Earth Development Goals , for 12 business strategy , business scope of unified planning , conduct its industrial and product distribution structure adjusted accordingly. Meanwhile, Baotou Steel Rare Earth will be given 12 business support in human resources, technology , capital, and rare earth resources, mandatory production plan targets and export quotas .

After a series of coordinated efforts of three rare after the elimination of the upstream business , December 31, 2013 , Zhang official representative of Baotou Rare Earth with nine or on behalf of the upstream corporate consolidation and restructuring agreement signed , marking the Baotou Inner Mongolia rare upstream integration and restructuring completed.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >