Rare seek hegemony does not meet trillion tailings

In the Ministry steadily when a large group of integrated companies are also involved as a circle more upstream resources infighting .

A week ago , the Ministry has issued a document on the State Department confirmed the previously approved " 1 +5 " pattern of rare earth market rumors integration solutions , and in the rare earth group controlled six new pattern of rare earth industry in China , Baotou Steel Group places "lead " role established in northern China rare Earth Group .

" Baotou Steel Rare Earth Group is a group of integration of the main north , but about 70 percent of Baotou Steel Group 's core assets are concentrated in Baotou Steel shares , therefore , the right to speak Baotou Steel shares in the group can imagine , it is to lead the integration of rare earth resources, Baotou Steel Group will certainly priority. " said in an understanding of the Inner Mongolia Baotou Steel Rare Earth business executives to receive shares of 21st Century Business Herald reporters.

The news has not been officially confirmed aspects of Baotou Steel shares , but Baotou Steel shares to accept a senior executive of the 21st Century Business Herald reporter interviewed said that the transition to a resource-based enterprises is established Baotou Steel shares previously determined direction , the future Baotou fluorite , niobium and sulfide processing group after with industrial-type production conditions are also expected to inject Baotou Steel shares .

Firmly grasp the rare earth " monopoly " control

Because of China's rare earth reserves scarcity , after regulators continue to promote consolidation initiatives , how to seize more upstream resources has become a key goal of several large companies competing attack .

For Baotou Steel shares , in the steel industry when severe overcapacity , leveraging the rare earth industry seems to be a springboard to promote the transformation of its current desperate important bargaining chip .

December 30, 2013 evening, Baotou Steel shares announcement , to be non-public offering is not more than 29.8 billion financing to Baotou Steel Group acquired the mineral related assets , Bayan Obo iron utilization projects selected related assets, as well as tailings assets add liquidity .

It is worth noting that, after the completion of the acquisition , Baotou Steel shares will further understand and Bayan Obo mine tailings proprietor of assets owned Baogang Group in mastering the Bayan Obo mine resources on the basis of the West , which also means , Steel shares also winning the absolute control of the Bayan Obo rare earth materials area .

In fact, up to nearly 30 billion of the assets into the Baotou Steel shares in 2013 is the second major asset transactions . January 2013 , Baotou Steel shares to raise funds to buy assets by way of non-public offering , completed Baotou Steel Group subsidiary Barun Mining and Western Mine acquisition of mining rights .

" polymetallic Bayan Obo iron ore is mainly associated minerals , rare earth , niobium, scandium ore reserves West is also very rich, Baotou Steel shares bought in the future want to prove non-ferrous metal industry to develop these two assets from the hands of the parent company . " Inner Mongolia Baotou National Rare Earth Hi-tech Zone Lord任任福told 21st Century Business Herald reporter .

21st Century Business Herald reporter grasp of a global rare earth materials distribution data show that the Bayan Obo mine rare earth reserves accounted for over 50 % share, up more than 90 % of China's domestic reserves, conservatively estimated reserves of 50 million tons or more. And after winning the assets of the mine , Baotou Steel shares are thus transformed into the world's largest rare earth resource companies.

Baotou Steel shares while trying to gradually improve in the mining , mineral processing, iron and steel smelting and other industrial chain step, all the Baotou Steel Rare Earth Resources Group, which has been in the bag one by one . A 21st Century Business Herald reporter data obtained show that the proportion of mining resources occupied Baotou Steel shares net assets reached 69.01%,

"Integration of rare earth resources, Baotou Steel shares will have action, its purpose is to firmly control the upstream resources , according to current trends, the group formed after the completion of the six , domestic light rare earth export controls , planned production are expected to be further liberalized, Baotou Steel shares at that time dominance of the rare earth industry will become increasingly apparent. " The investment bank said.

Tailings worth?

Baotou Steel shares in the asset injection , is located approximately 4 km southwest of Baotou concentrator tailings is undoubtedly the focus of the outside world and investors are most concerned about.

Back in early 2012 , when market rumors Steel Group intends to inject the tailings Baotou Steel shares , and the brightest of Baotou Steel shares of capital stock also immediately set off a stir boom time, the Baotou Steel Group subsidiary Baotou rare Earth Research Institute even claimed that the potential value of the tailings up to about 80 trillion.

But for this valuation , industry insiders said that too , did not take into account the development costs , as well as fluctuations in the price of rare earth itself .

Announcements from Baotou Steel shares previously released showed that after nearly 50 years of accumulation , there are still a large number of the iron tailings resources , and the remaining rare earth, niobium, scandium , titanium, iron ore and other resources and symbiosis with all the mud tailings stockpiled in the tailings , enriched by mineral content of the tailings resources are improved .

According to the fifth Inner Mongolia Academy of Geology and Mineral Exploration and Development in December 2013 "compiled by Inner Mongolia Baotou Steel Bayan Obo iron ore beneficiation tailings reserves verification report ," As of November 30, 2013 , the end of the tailings ore reserves of 197,124,900 tons , reserves of the type of economic base for the control of reserves (122b), rare earth oxides (REO) grade of 7.00% , ore enrichment relatively high .

But for the potential value of the tailings , the parties , including agencies, including Baotou Steel Group are also different opinions . Baotou Steel shares to executives above the 21st Century Business Herald reporter stressed , is a fact of great value tailings resource reserves, but the exact amount is reflected in the valuation of the need to weigh a variety of reasons , including market conditions and so on.

"But objectively speaking to more than 200 million won this asset is significantly lower than the actual value . "

In addition , insiders also told 21st Century Business Herald reporter revealed Earlier, Baotou Steel shares of Japanese companies to raise the requirements for tailings acquisition , the acquisition of the amount of up to 100 billion yuan , " Japanese companies looked Baotou Steel shares What work do not do recycling , untouched bought it at this price . "

For this acquisition will, another insider also told 21st Century Business Herald reporter confirmed that 100 billion attempt to buy expensive tailings Japanese companies Mitsubishi Group , "as a strategic reserve of resources , the government will not allow the transfer , and the value of this tailings far more than this figure. "

Baotou Steel shares inside information on a 21st Century Business Herald reporter obtained is displayed : according to the current industry -month low, lanthanum oxide , cerium 27,000 -2.8 tons prices , the lowest value of over 300 billion , praseodymium , neodymium oxide concentrate market price 300,000 yuan / ton, the value of the tailings was 4 trillion yuan , according to the Bayan Obo ore than lanthanum , praseodymium , neodymium , cerium 1:3 ratio of the weighted average value also exceeded 1.5 trillion .


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