Chinese Rare Earth Mining Rights Proposed New Access Standards

China rare earth industry is mainly aimed at rectifying confusion refractory rare earth mining areas, according to the Mainland "Economic Information Daily" reported that the rare earth mining rights multisectoral working out a new access conditions will be finalized by the current discussion paper has been performed recently issued.Reported that in addition to strict rules and scale mining resources, discussion paper also apply for mining rights of the production enterprises to set up the main business income must be more than 1 billion yuan threshold. This means that in addition to the production and processing, the mining sectors will gradually tilted towards large enterprises, a number of non-compliant small mines and mining and processing enterprises will be eliminated.

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