Morning stir Jiangxi Rare Earth backdoor listing of regional integration

Whether intentionally or unintentionally , the backdoor listing Chenguang Rare Earths , Baotou Steel Rare Earth has entered the Fujian indirect field of rare earth .

Baotou Steel Rare Earth , general manager Zhang has on several occasions publicly expressed the heavy rare earth desire , at present, foreign countries have launched a large light rare earth project , involved in the heavy rare earth undoubtedly improve the Baotou Rare Earth competitiveness. 2010 , Baotou Steel Rare Earth will spend 230 million yuan to obtain through three Ganzhou rare earth separation and processing enterprises portion of the shares involved in the success of Jiangxi heavy rare earth fields.

August 28 , the investment adviser metallurgical industry researcher Yuan Zhibin to the "First Financial Daily" reporters , said Chenguang Rare Earths backdoor Yinrun capital investment, Baotou Steel Rare Earth will get involved in Fujian rare opportunity, " though it does not get involved in two provinces RE integration , but also to expand its industrial chain and regional distribution , and strengthen its leading position . "

But for the Baotou Rare Earth in the future it will participate in Fujian integration, as of this writing , the Baotou Rare Earth has not been a reply.

This reporter learned that, as early as last August , Fujian Province have been identified to Xiamenwuye for the province RE integration platform , does not want foreign companies gain a foothold in the province of rare earth consolidation. " Fujian itself or tend to their home countries ' Xiamen Tungsten mode ' is ." One has done the group formed program investigating brokerage sources said .

Yuan Zhibin said , Baotou Steel Rare Earth Rare Earth if involved in the integration of Fujian Province , is bound to earth with Fujian 's own policies are in conflict .

There unnamed industry sources believe that Chenguang Rare Earths backdoor listing in Fujian , but from the Baotou Rare Earth really involved Fujian RE integration is still far away . " Rare-Earth held Yinrun investment share ratio is too low , the regional integration , Baotou Steel Rare Earth and Xiamen Tungsten no obvious competition ."

In this view, the dawn rare backdoor listing , it touches Jiangxi province in an awkward position. "Now the area of ​​a large rare earth famous enterprises ' jump ' out of the Jiangxi plates, and listed, this and Ganzhou Rare Earth Group 's listing plan is in conflict ."

This year on March 30 , Ganzhou Rare Earth Holdings Limited formal operation , that time, Ganzhou has completed eight smelting and separation enterprises mergers and acquisitions and has been put into operation , and the remaining companies being acquired assets assessment . "Next , Ganzhou Rare Earth Group to accelerate corporate mergers and acquisitions pace ." Rare Earth Industry Association Secretary-General Ma Rongzhang said .

However, unlike other provinces integration compared to sitting in the heavy rare earths in Jiangxi Province has attracted Minmetals Group , the aluminum company , Rising colored rare earth heavyweights competing for their enterprises in the province many conflicting interests and more complex . This leads to Jiangxi not only integrate the slow progress in the rare earth group formation is even more "late ."

Aforementioned industry sources said , Jiangxi large group difficult integration is the fact that , if we say Chenguang Rare Earths already on the market in the future Ganzhou Rare Earth Group would like to integrate its chances even smaller. He also revealed that another local large private enterprises have openly Jiangxi Province forcibly integrated approach discontent , " at a meeting , this enterprise appeared very is indignant ."


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