China Drying Network News “At present, some of the central enterprises involved in rare earth business and local key provinces and regions have accelerated the pace of mergers and reorganizations. For example, regional rare earth industry groups have been established in Inner Mongolia, Jiangxi, Fujian, and Guangdong, and relevant national departments will Approved the establishment of a large-scale rare earth enterprise group in a timely manner.†In response to the request for integration of the rare earth industry in the “Guidance on accelerating the merger and restructuring of enterprises in key industries†just announced, Zhu Hong, chief engineer of the Ministry of Industry and Information Technology, made the above remarks last week. The reporter learned that at present, the northern rare earth industry has reached a foregone conclusion, and the bulls in the South have also seen a trend of high points. Therefore, the emergence of national large-scale rare earth enterprise groups is only a matter of time.
It is understood that the restructuring and integration of China's rare earth industry has been for some time. In the north, Inner Mongolia, which is a major rare earth producing area, began to integrate and eliminate 35 rare earth enterprises in May 2011. At the end of last year, the leading integrated enterprise in Inner Mongolia Baotou Iron and Steel Rare Earth (Group) Co., Ltd. and the remaining 12 The local local rare earth upstream company signed an agreement on the integration and restructuring framework. According to the agreement, these 12 companies will transfer 51% of their shares to Baotou Steel Rare Earth at no cost. This means that the reorganization of Baotou Steel's rare earth is nearing completion. Zhang Zhong, a general manager of Baotou Steel's rare earth, said publicly that the forthcoming China Northern Rare Earth Group could become China's first national rare earth group.
According to Zhang Zhong, the next step in the integration of Baotou Steel Rare Earth in the region is to integrate the light rare earth backbone enterprises outside the region, mainly to complete the joint reorganization of northern light rare earth companies across the region, and further increase the control and concentration of the light rare earth industry.
At the same time, the integration of rare earth industries in the south is also ongoing. At present, China National Aluminum Corporation, China Minmetals, China Nonferrous Metals, Chenzhou Rare Earth, Jiangxi Copper, Guangyu Nonferrous Metals, and other companies are mainly engaged in the hegemony of the South in Ganzhou City, Jiangxi Province, which has more than 90% of the production of medium and heavy rare earths in the country. The trend will be high.
Ouyang Zhong, the director of the city’s State-owned Assets Supervision and Administration Commission, stated that Zhangzhou has established the Luzhou Rare Earth Group on the basis of rare earth mining companies and is currently actively acquiring some mining companies and detached enterprises in the upstream and downstream industrial chain of merger rare earths.
In addition, the Rare Earth Office of the Sichuan Provincial Development and Reform Commission, another rare earth province in the south, also reported that the Economic and Information Commission of the province is actively promoting the restructuring of the rare earth industry in Sichuan Province, preparing to set up a rare earth industry group, and forming 2 to 3 leading enterprises to lead the Sichuan rare earth upstream. The pattern of industrial development. "These may include leading companies such as Shenghe Rare Earth and Jiangtong Rare Earth."
However, there are industry insiders frankly that cross-regional mergers and reorganizations faced with local protection, state-owned enterprises and private enterprises because of the ownership of the different interests of the dispute, so that the rare earth industry mergers and reorganizations to achieve the strategy of large groups still face certain difficulties.
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