Non-ferrous metal m&a progress rare

2010 April "issued by the state council on further strengthening backward productivity notice regulation, non-ferrous industry needs to be in before the end of 2011, eliminate 100 thousand Ann and below prebaking electrolytic aluminium small chamfer; Eliminated airtight balanced-blast furnaces, electric furnace and reverberatory refining copper technology and equipment, etc. So far, non-ferrous metal industry's m&a since then have compared the timetable - before the end of 2011.

2010 on September 6, the state council promulgated on promoting the enterprise m&a, clear the opinion of rare-earth listed as one of the six major industries. Can foresee, rare earth industry 2011 will accelerate the pace of m&a.

In addition, the kingdom of the end of last year was established new holding management company will as YangQi restructuring and the integration of assets platform, according to mature one a train of thought, absorbing the low-ranking, asset quality is not high YangQi. The sasac and clearly by 2011, main task is to continue to push forward the enterprise joint restructuring and whole appears on the market. Workers believe department recently also said, non-ferrous metal industry shall strictly control the smelting capacity over-rapid growth, accelerate elimination of backward productivity, promote m&a, encourage coal, electricity, aluminum cross-industry restructuring. At the same time also continue strengthening technical transformation and technological innovation, and actively developing intensive processing, strengthen regeneration metal recycling, promote energy conservation and emission reduction and comprehensive utilization of resources, to encourage the advantage region makes batch processing industry base, to construct a group of regeneration non-ferrous metal demonstration project.

In the policy of promotion, non-ferrous metal industry m&a work has made certain progress.

2009 minmetals recombined with many enterprises, promote the enterprise CJMG began last year of integration. Such as holding hunan nonferrous metal holdings, CJMG in investment, management, personnel, business and cultural aspects of its realization docking already. In order to speed up the pace, CJMG integration last formed group listing platform minmetals Co., LTD (hereinafter referred to as "minmetals shares"). Merchants securities analysts say, newly established minmetals shares will become minmetals group whole appears on the market subject. Currently minmetals share CJMG 62.56% equity, general technology development populations of shares, xiamen tungsten industry 20.58% equity, * ST GuanLv 29.9 per cent stake, special send messages 6.34 percent equity and gan feng 5.66% equity coperition. Meanwhile, minmetals group with black metal, non-ferrous metal, logistics, finance, real estate, technology and other main business related with the term "assets restructuring all into minmetals shares.

2010 on September 26, aluminous and jiangxi sasac signed the jiangxi rare metal tungsten industry holding group limited company increase endowment spread agreement. According to the agreement, aluminous will increase endowment spread way for jiang tungsten holding for capital contribution, become its controlling shareholders. Recently, sources said already and guangxi non-ferrous stacking-type signed memorandum, plan group both parties will jointly established a joint venture company, the development of rare resources in guangxi, dedicated to hope in five to 10 years, for three to five species of rare earth leading status. It is reported, in addition to guangxi beyond, aluminous is also with other provinces of guangdong investment consultation rare earth.