Ministry held a special six rare earth enterprises will lead mergers and acquisitions

Yesterday, the reporter learned from the Ministry , the Ministry held in Beijing formation of large enterprise groups rare special meeting , said that the next step should focus on supporting six companies were led by promoting mergers and acquisitions.

Ministry sources, the meeting summed up the progress of more than two years, the rare earth industry mergers and acquisitions , according to the law of survival of the fittest market , next to the flow, focusing on this six companies were led to further promote mergers and acquisitions work , the formation of large rare earth enterprises Group . This six companies, Baotou Steel Rare Earth dominate the north, there are rare earth mine in Hunan, China Minmetals , Chinalco Guangxi integration, Guangdong Province Rising colored body and RE integration into Yunnan, Ganzhou , Jiangxi Ganzhou Rare Earth Group is a rare resource integration platform .

MIIT said the next step the management of the rare earth industry , one 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 , will blow illegal rare earth mining, production and distribution 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 .


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