Mergers and acquisitions to further strengthen the rare earth industry

It is understood that the Ministry of Industry and Information Technology was held in conjunction with the relevant departments to form large conglomerates rare special meeting in Beijing , the State Council to convey the spirit of the rare earth industry research to strengthen the management of a special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification work. Deputy Minister of Industry and Information Technology Su Bo attended the meeting . Ministry of Land , SASAC and other departments of the comrades , Inner Mongolia, Jiangxi Rare Earth 12 provinces (regions ) industry authorities responsible comrades attended the meeting.

The meeting conveyed the spirit of the rare special meeting of the State Council , said: " Several Opinions of the State Council on promoting the sustainable and healthy development of rare earth industry ," issued more than two years , in rare inter-ministerial coordination mechanism for members of the unit and the relevant departments under the joint efforts of local , basically completed document presents the major tasks , the basic realization of the " with 1 to 2 years, to establish a standardized and orderly development of rare earth resources , smelting separation and market order flow , the initial establishment of a unified , standardized and efficient rare earth industry management system " milestones . But must also clearly see the deep-seated contradictions and problems in the long-term accumulation of rare earth industry has not been fundamentally resolved , illegal mining, illegal production and pollution of the environment is still relatively common, occurs when there is smuggling , local protectionism is more serious, rare earth enterprises in R & D application of the core competitiveness compared with the international level there is a big gap , inadequate laws and regulations , law enforcement body is not clear, based on the lack of regulatory penalties . Departments and local governments to follow the requirements of the State Council , from the national and global interests, enhance the sense of responsibility and sense of mission and sense of urgency, deepen reform, strengthen management , and promote the sustained and healthy development of rare earth industry .

The meeting reviewed the progress of more than two years, the rare earth industry mergers and acquisitions , according to the law of survival of the fittest market , the next step , to the flow, focusing on this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups. The overall guiding principle is : in-depth implementation of eighteen , eighth II , the Third Plenum of the Central Economic Work Conference and the "Opinions " put forward by the party's tasks, give full play to the decisive role of the market in resource allocation in the , business-oriented , diversified investment, market -oriented operation ; played the role of good government , a combination of economic , technical, legal and necessary administrative means to eliminate institutional obstacles , grasp this opportunity to promote mergers and acquisitions, corporate formation of both internal incentive , another external regulatory policy system of accountability to promote mergers and acquisitions changed from "Let me rephrase " to " I want to reorganization ."

The meeting stressed that the rare earth industry mergers and acquisitions work must be clear responsibility of the government , enterprises and departments. Local governments should establish coordination mechanisms play a decisive role of the market in resource allocation , and mergers and acquisitions in the region of unified planning work ; remove institutional hurdles , and resolutely combat illegal rare earth mining, production and circulation behavior ; coordinating off, converting, personnel placement , maintenance of major issues of social stability , and support for the central enterprises and other groups to carry out cross-regional mergers and acquisitions work . Led enterprises to earnestly implement the integration , commitment to corporate consolidation, employee relocation , debt disposal , financial compensation and other liability ; clear equity relationships , improve corporate governance structure ; strict implementation of the management system of the country , together with other groups to maintain market order and the industry as a whole interests. State Council departments will resolutely crack down on illegal mining, production , protecting resources and the environment , the implementation of supportive policies , strengthen the legal system , to create the external environment of fair competition for mergers and acquisitions and corporate development .

Next meeting of the rare earth industry management requests, first, to further establish a sound legal system and regulatory system, revised and improved as soon as possible , " Rare Management Ordinance ( draft ) " , to fight as soon as possible ; Second, the depth rectification of the rare earth industry , the fight against illegal exploitation of rare earth production and circulation of work normalization ; Third, actively promote technological progress and industrial upgrading ; fourth is a large group of rare earth enterprises should play a leading role in the implementation of national policies to maintain market order , the development of industry and other high-end applications for the development of rare earth industry to make an important contribution.

Participants will study and implement the spirit of Comrade rare special meeting of the State Council , to support large-scale enterprise group established to further strengthen the management of the rare earth industry and " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed. Delegates indicated that they will resolutely implement the State Council decision to deploy efforts to make the formation of large enterprise groups rare , special campaigns and other work.


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