Accelerate the integration of mergers and acquisitions to determine the six leading rare earth companies

Recently, 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 seeks 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. Su Bo , vice minister of the Ministry 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 , Baotou Steel Group , China Minmetals Rare Earth and other six companies attended the meeting.

Significant gains remediation work

Since " Several Opinions of the State Council on promoting the sustainable and healthy development of rare earth industry " ( hereinafter referred to as "Opinion" ) issued more than two years , in rare inter-ministerial coordination mechanism for member units and departments , the joint efforts of local , basic realization " 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 deep- seated contradictions and problems of 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 applications , the core competitiveness compared with international standards and other aspects there is a big gap , inadequate laws and regulations , law enforcement body is not clear, based on the lack of regulatory penalties .

Since August 2013 , in conjunction with the Ministry of Public Security , Homeland seven departments launched a special campaign against illegal activities of rare earth production, mining, circulation . Baotou and Ganzhou as a major regional distribution of China's rare earth resources , now rare remediation work has achieved significant results .

In Baotou , the pair involved in the production and sale of rare earth 150 conducted a field verification , corporate tax receipts , production and sales ledger combed compilation , fill out spreadsheets and draw completed Baotou Rare Earth corporate marketing context diagram , clarify the Baotou rare Earth production and operation of enterprises and illegal situation .

At the same time , strengthen the protection of rare earth resources . Bayan Obo mine in Baotou Steel Group completed the 58 km fence fully closed , to achieve a closed management . In addition, to improve the electronic monitoring system, by strengthening the hardware and software measures to strengthen the construction of the rare earth consolidated supervision system to realize the full Baotou rare earth resources management and protection . Baogang Group invested 36 million yuan to build the mine video surveillance system for the protection of rare earth resources in closed places real-time monitoring management ; currently being developed through a network covering the city of Baotou joins rare earth monitoring platform for the next step to national, regional relevant department transmit real-time monitoring screen , to achieve " five " Monitoring the foundation .

In Ganzhou respect, discipline and severely punish criminal cases . Since last year, Ganzhou and the respective county discipline inspection and supervision organs in bribes from a few rare investigated , involving 25 party members and cadres , bribery bribery staff of 48 ; filing the illegal exploitation of rare earth 44 administrative penalty cases , transferred to judicial organs be held criminally 103 ; filing involved in illegal mining of rare earth forestry administrative punishment case 55 , the number of 51 persons punished ; illegal occupation of forest land of rare earth mining filed 28 criminal cases , criminal compulsory measures 30 passengers ; filing illegal mining , illegal business rare cases 49 , seized suspects More than 400 tons of rare earth ore , more than 140 tons of rare earth products .

At the same time , improve the supervision of rare earth facility . With the support of the Ministry of Industry , Ministry of Finance , the completion of the rare earth mining video surveillance systems Longnan eight key rare earth resources, the county , to achieve the rare earth illegal mining areas prone to weather monitoring ; in key rare earth mine construction simple patrol roads , the establishment of rare earth checkpoints and the establishment of the focus in the rare earth township ( town ) central station , city and county were construction monitoring center , and gradually form a " heavenly look, ground investigation, online control" rare earth monitoring system.

The formation of large enterprise groups

The meeting reviewed the progress made in the past two years the rare earth industry mergers and acquisitions , according to the law of survival of the fittest market , the current basic form of Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth and Xiamen Tungsten and other six companies industry -led development pattern . Next, the flow, the key support which six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups.

The guiding principle is that mergers and acquisitions : 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 market in resource allocation the decisive role in 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 by the "Let me rephrase " to " I want to restructuring" changes.

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 .

Meanwhile, the 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 of rare earth industry special work , the fight against illegal rare earth mining, production and distribution of work normalization ; Third, actively promote technological progress and industrial upgrading ; four large enterprise groups to be rare in the implementation of national policies and regulations, maintain market order , the development of industry and other high-end applications play an exemplary role 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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