Ion adsorption type rare earth ore saprolite weathering crust known rare earth deposits, the late 1960s, first in southern Jiangxi Province, Long foot hole discovered, and later another in Fujian, Hunan, Guangdong, Guangxi, Nanling region have been found, but in Jiangxi more concentrated, large. Ion adsorption type rare earth mine is a foreign country had not been reported unique new rare earth deposits.

After decades of research, to identify the type of ground ore widely distributed, large reserves, low radioactivity, easy exploitation, extraction of rare earth process is simple, low cost, product quality is good. English name ion-absorbingtyperareearthsore ion adsorption type rare earth ore, mainly distributed in China, Jiangxi, Guangdong, Hunan, Guangxi, Fujian and other places.

Currently ionic rare earth ore extraction method, there are two

(1) with NaCl from the ion adsorption type rare earth ore extracted using NaCl handle this type of ore is the main chemical beneficiation methods, shipped from stope ore, sent a rectangular concrete ponds soaking, leaching solution through the pool the filter layer from the bottom discharge outlet, leaching residue with manual removal, leaching solution in a saturated solution of oxalic acid precipitation, filtration, the filtrate was supplemented with lime and salt, and then returned; cake is the rare earth oxalates, after burning, washed, and then burning with mixed rare earth oxides. The process is currently the main problems is the leaching residue containing NaCl is high, resulting in soil salinization.

(2) method using ammonium sulfate (NH4) 2SO4 ore extracted from the ion adsorption rare earth, in recent years, the success of research methods. And NaCl method is different in that, with 1% to 2% (NH4) 2SO, solution immersion ore, followed by precipitation with oxalic acid to obtain rare earth oxalates, and then after the first ignition can be obtained with REO> 90% of the mixture of rare earth oxide, the filtrate was supplemented with sulfuric acid and then press Back. Compared with NaCl, which will not cause leaching residue on the soil salinization.


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August 29: Today, rare earth market continues steady, the overall weak demand, downstream buyers to order market, high turnover is more prevalent offer low turnover deserted.

Dysprosium oxide mainstream manufacturers tax price 220-240 yuan / ton, dysprosium iron mainstream manufacturers tax price 220-240 yuan / ton.

Praseodymium oxide mainstream manufacturers tax price 560,000-580,000 yuan / ton. Neodymium oxide 360,000-370,000 yuan / ton.

Lanthanum oxide manufacturers tax price 27,000-29,000 yuan / ton. Cerium oxide mainstream manufacturers tax price 28,000-29,000 yuan / ton.

Praseodymium neodymium mainstream manufacturers tax price 360,000-370,000 yuan / ton, praseodymium neodymium metal mainstream manufacturers tax price of 460,000-470,000 yuan / ton.

Europium oxide phosphor grade mainstream manufacturers tax price 4,900-5,100 yuan / kg. Terbium oxide phosphor grade mainstream manufacturers tax price 4,300-4,500 yuan / kg.


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Rising colored August 29 evening announced non- public offering plan , does not exceed 520 million fund-raising , the integration of major shareholders and its rare earth tungsten ore assets to strengthen its dominant position in the rare earth industry to improve profitability and to resolve intra-industry competition problem .

Specific program for the issuance , colored Rising Rising to the controlling shareholder of the company , including not more than 10 , including a specific object , non-public offering of not more than 1435.2746 million shares , of which 30% of Rising Company subscribed . Issue price of not less than 36.23 yuan / share.

Rising colored the fund-raising total amount not more than 520 million yuan , net of issuance costs for the acquisition of all of Deqing prosperous 88% of the shares , the acquisition of 44.5% stake in Golden Harvest Qingyuan acquisition Yaoling Mining 61.464% of the shares, the acquisition of non-ferrous Hongling Mining Group is owned by the actual use of the fixed assets and repayment of bank borrowings. Among them, Deqing prosperous full name " Dechen prosperous Rare Earth New Materials Co., Ltd" , 2012 operating income of 366 million yuan , net profit of 17.5222 million yuan . Qingyuan Jiahe full name " Golden Harvest Rare Ltd. Qingyuan City ," 2012 annual operating income of 174 million yuan , net profit of 15.1767 million yuan . Rising colored acquisition of 44.5% stake in Golden Harvest Qingyuan , will directly hold 75% equity interest in Qingyuan Golden Harvest . Yao Ridge Mining full name of " Guangdong Shaoguan Yaoling Mining Ltd." , the main tungsten ore mining, processing , and marketing , with Guangdong Shaoguan Yaoling tungsten tungsten ore exploration rights around the mine , as well as a mining right . 2012 operating income of 52.5425 million yuan , net profit of 9,105,200 yuan . Rising colored colored Yaoling Mining acquired 61.464% of the shares , will hold a 100 % stake.

Rising colored said the acquisition Deqing prosperous , Qingyuan Golden Harvest and other rare earth separating enterprises , will effectively improve the company's rare earth smelting and separation capacity , enhance the company's dominance in the rare earth industry . In addition, restructuring and listing Rising colored and controlling shareholder of the Rising Nonferrous Metals Group changed the company, the former controlling shareholder of Guangdong Rising Nonferrous Metals Group and companies to avoid competition issues has made a written commitment . The acquisition Deqing prosperous and Qingyuan Golden Harvest stake , but also help eliminate the Company and the controlling shareholder and related parties compete among peers to fulfill previous commitments.

The tungsten is extremely scarce resources, the company acquisition Yaoling Mining options to enhance the company right away Ridge Mining control, by increasing shareholders' equity grew to enjoy more of tungsten industry the benefits .

In addition , non-ferrous mining group have been actually used Hongling fixed assets as of June 30, 2013 the net book value of 62.89 million yuan . The acquisition of the fixed assets, can enhance the independence of listed companies , to ensure normal production and operation integrity of the assets necessary to reduce dependence on related parties to avoid problems arising asset ownership and occupancy related business risks that may arise party assets related party transactions.


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Prior to the August 27 evening, Xiamen listed companies Yinrun investment announcement, the proposed asset replacement and to issue shares through the purchase of the entire equity interest Chenguang Rare Earths, thereby transformed into rare earth smelting enterprises. This means that a high degree of capital market concerns regarding a new dawn rare backdoor "object."

According Yinrun investment announcements, preliminary estimates, the restructuring of assets to be set out the estimated value of about 206 million yuan, value-added rate of 27.16%; estimated value of the assets to be injected and up to about 1.311 billion yuan, value-added rate was 105.81%. For the difference between the estimated value of 1.105 billion yuan part Yinrun investment to Chenguang Rare Earths to purchase outstanding shares of all shareholders, issue price of 9.4 yuan / share, a total of about 118 million shares issued shares.

Run Investment Bank, formerly known as Xiamen Marine Fisheries Development Corporation, 1992 already listed. Listing, performance perennial appetite, renamed several times, in 2012 changed its name to Xiamen Yinrun Investment Corporation, when annual net profit was only 3.6886 million yuan. Run Investment Bank on March 20 this year, re-suspension, publish backdoor after the announcement, on the 28th restored traded on the 28th, the 29th consecutive daily limit, the current price of 11.62 yuan.

Old backdoor object issued notice to protest

Chenguang rare earth "cheating" behavior make them the old backdoor object S Shun Yuan very dissatisfied. 28 evening, S Shun Yuan issued notice illustrated with Chenguang Rare Earths dispute arbitration case, noting in particular S Shun Yuan has worked with major asset restructuring Chenguang Rare Earths signed a letter of intent, expressly agreed to the dawn of rare earth with any other third-party exclusivity clause of restructuring ; the current dispute in arbitration proceedings, the dawn of rare earth but also with another listed company to promote a major asset reorganization, contrary to the principles of market integrity, the company and investors have been adversely affected.

S Shun Yuan also written to the reorganization of intermediaries Haitong Securities, that its agreement with the company's services are still valid under the premise of the same asset restructuring of listed companies also provide services for the two listed companies, is the multi-agent behavior, serious violation of the securities industry, industry standards and practice discipline financial advisers to retain the right to take further legal action.

Last April 25, the company and major shareholders Shun Yuan Investment and Chenguang Rare Earths and its actual controller Huang Ping, signed a letter of intent significant asset restructuring, agreed to a major asset restructuring matters. However, 26 October 2012, the program was meeting's veto. Seeing backdoor blocked, this year on February 7, Chenguang Rare Earths and its actual controller Huang Ping issued a termination letter, declared a unilateral lifting of previously signed "letter of intent", and subsequently filed for arbitration, bringing the two sides in court. S Shun Yuan is considered a breach of contract is Chenguang Rare Earths, the Commission filed a counterclaim to the arbitration request to Chenguang Rare Earths continue to perform the contract and pay a penalty of 30 million yuan. Shanghai International Arbitration Centre in July this year, hearing the case, the results are not yet available. August 9 this year, Huang Ping Yuan and the letter S Shun Shun Yuan investment, tough stance known whether the outcome of this arbitration are no longer with the company a major asset restructuring cooperation.

Morning drop more than 60% of rare earth valuation

Last year Chenguang Rare Earths has tried backdoor S * ST Tianfa (ie S Shun Yuan) to April 30, 2012 as the Valuation Date, Ganzhou Chenguang assessed value of 3.34 billion yuan, and now more than a year, Chenguang Rare Earths valuation which fell more than 60%, currently only 1.311 billion yuan.

Why so violent valuation decline? This downturn in the past two years on the rare earth industry. According Yinrun investment announcement, the proposed injection of assets Chenguang Rare Earths 2011, 2012 unaudited net profit attributable to shareholders was 606,005,500 yuan and 81.1927 million yuan, totaling 687,198,200 yuan; profit after deducting non-recurring Net profit attributable to shareholders was 598,024,800 yuan and 81.9399 million yuan, totaling 679,964,700 yuan. Visible in 2012 net profit fell dawn earth was more than up. First half net profit of dawn earth 24 million yuan, is still falling in.

Since the valuation of serious decline, why did the morning rush rare backdoor listing? According to the reporter, the past two years, through a series of intense Chenguang Rare Earths and transfer of equity capital, once ready to pass through the IPO. January 12, 2012, the Commission decided to terminate the examination Supervision Department issued Gansu Rare Earth New Materials Co., Ltd. IPO application, so rare earth companies IPO overshadowed the road. IPO road to nowhere, before deciding backdoor listing Chenguang Rare Earths, and in the backdoor on the eve of the introduction of a number of intensive PE. Chenguang Rare Earths current shareholding structure shows that the company's actual controller remains Huang Ping, directly or indirectly holds more than 60%, Redstone venture, Baotou Steel Rare Earth, Qian Sheng venture capital, venture capital Honiton, Wei Tong and other companies to create wealth holdings.

Chenguang Rare Earth backdoor successful, is expected to become the first 34 plate A shares of listed companies in Jiangxi, Huang Ping, will also be more than 500 million yuan in Jiangxi new Regal.


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