RE integration finalized six leading companies

Deputy Minister of Industry and Information Technology Ministry as saying Su Bo , China 's rare earth industry more than two years by the law of survival of the fittest market mergers and acquisitions , six companies led industry development pattern. Next , China will further strengthen the management of the rare earth industry , focusing on this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups.

The day before the Jan. 8 , in conjunction with the Ministry of Land and Resources has SASAC and the 12 rare-earth provinces (regions ) industry authorities in Inner Mongolia , Jiangxi, held a " formation of large enterprise groups rare special meeting " in Beijing .

Since May 2011 issued the " State Council on promoting the sustainable and healthy development of rare earth industry " ( "Opinion" ) , the national level look " to large companies dominated the pattern of rare earth industry ," the guiding ideology glance. The advantage is that the formation of a large group , you can integrate resources , production capacity, research and development capabilities , the industrial application of international exchanges and cooperation and make it real .

Re " set the tone "

Notably , the original "opinion" in mentioning goal is to " conglomerate southern industrial concentration of ionic rare earth industry 's top three more than 80 %," the Ministry said meeting and then again " set the tone " : "Next to the flow, focusing on this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups. "

Su Bo said rare earth management will fully play a decisive role in the allocation of resources in the market , 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 mechanisms obstacles , make the best use 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 ."

Local government power

The industry believes that the resources , tax protection , the local government of the central enterprises in rich heavy rare earth resources in the South division of spheres of influence and power for not actively cooperating .

In fact , recently, led by the Ministry of the eight departments "Combating illegal behavior rare special action " when the rare earth enterprises in Guangdong Province to conduct random checks and found that the illegal trade enterprises operating rare earth minerals in serious condition. According to Xinhua News Agency reported that the typical practice is illegal : first set up trading companies to the tax authorities for VAT invoice will be illegal acquisition of rare earths "status bleaching" , and then sold to the rare earth export quotas for large enterprises , to complete the transaction after the company canceled. These violations are considered to get the local government acquiescence and connivance .

The above MIIT conference also pointed out that the problem of long-term accumulation of China 's rare earth industry has not been fundamentally resolved, such as illegal mining, illegal production and pollution of the environment is still relatively common, such as when smuggling have occurred .

Su Bo said the next step will be the rare earth industry management system to further establish a sound legal and regulatory system , revised and improved as soon as possible , " Rare Management Ordinance ( draft ) " , to fight as soon as possible . At the same time , carry out the rectification of the rare earth industry , the fight against illegal rare earth mining, production and distribution of work normalization.

Ministry of meeting workers 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.

According to reports, six large rare earth rare earth enterprises Group will assume the task of optimizing resources and the integration of the region , including the integration of the region are more scattered isolated smelting enterprises , but also in accordance with the industrial policy integration requirements, capacity reduction and environmental governance .


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