Rare Earth Industry grant funds management approach baked

Recently, the Ministry of Finance published a website written in late May "on the issuance of" State of Things development of rare earth industry subsidies and capital management approach "notice" (hereinafter referred to as "Notice").

Notice that the grant funds from the central budget, the Ministry of Finance, the Ministry of division of labor, co-management. Among them, the rare earth industry uses Yijiangdaibu and free financing methods.

By project nature of view:

First, the whole has completed the construction of the rare earth mining regulatory system of local government to give a one-time bonus, incentive payments are generally not exceed 20% of the actual investment. Actual investment projects include the actual investment in infrastructure and regulatory equipment purchase, but does not include routine vehicle purchase costs and system operation and maintenance costs.

Second, the State Environmental Protection has passed the verification of rare earth mining, smelting enterprises, according to the Ministry of Industry and Information Technology of rare earth enterprises access bulletin business productivity to be approved one-time award, the award criteria: mining mining 1000 yuan / ton (by rare earth oxide REO matter basis), smelting separation 1500 yuan / ton (REO meter by rare earth oxides), metal smelting 500 yuan / ton.

Third, the rare-earth common key technologies and standards development and application of high-technology research and development projects, take free financing methods. Free financing limits, generally no more than 40% of the project development costs. Annual support individual projects not exceeding 10 million yuan.

Fourth, the rare high-end application technology industrialization projects, take free financing methods. Free financing amount, usually no more than 20% of the budget year on year business investment. Annual support individual projects not exceeding 50 million yuan.

Fifth, public technical service platform construction projects, take free financing methods. Free financing amount, usually no more than 40% of the budget year on year business investment.

In addition to the reporting requirements of eligibility for domestic independent enterprise, a sound financial system, nearly three years were not illegal punishment, "notice" also stipulates that enterprises should comply with the relevant application of rare earth "rare earth industry access" and national environmental legal requirements.

This reflects the Chinese government departments to deal with the conversion policy on rare earth issues, avoiding WTO litigation while continuing the implementation of the rare earth industry, environmental protection, industrial upgrading, mining restrictions and other requirements, but the way of punishing illegal enterprise, into Reward advanced enterprises and regions.

Prior to the ruling of the WTO lawsuit against rare, but was sentenced to illegal export quotas, but exacerbated by the government's determination to strictly control the mining source. Visible, subsidies for all rare earth projects are compliant companies, domestic independent enterprise, which means that a large group of rare earth industry as a whole to go in the direction of change from the "notice", but through formal concentration of mining companies will be mastered, may this is a more loosely export quota management more effective way.

Meanwhile, the "notice" for rare earth downstream also set up a special development standards, intended to expand the domestic market of rare earth products, in order to gradually reverse the current "import processing, export of raw materials" Guimai sale of rare earth trade patterns.


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