Rare earth industry will be further mergers and acquisitions

January 8 , the Ministry of Industry and Information Technology jointly with relevant departments in Beijing held a formation of large enterprise groups rare special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification work.

At present, the six companies led the rare earth industry development pattern. Next, focus on supporting this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups.

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, and 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 ; strictly enforce the state of the management system , and jointly safeguard the overall interests of the industry and the market order . State Council departments will resolutely crack down on illegal mining, production and other acts, the implementation of supportive policies , strengthen the legal system , to create a fair competitive external environment for mergers and acquisitions and corporate development .


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >