Assets of Guangxi Nonferrous Metals Group Medium aluminum and medium color The attention of two central enterprises. On October 21st, Xiong Weiping, general manager of Aluminium Corp, held talks with Ma the Guangxi Zhuang Autonomous Region, chairman of the government of the Republic of China. The two sides jointly developed Chinalco and Guangxi Nonferrous Metals Group. Rare earth resources Exchanged views. In July 8th of this year, China Nonferrous Metals Group signed strategic cooperation agreement with the the Guangxi Zhuang Autonomous Region people's Government in Nanning, and collaborate in non-ferrous metal resources development and integration, non-ferrous metal smelting and deep processing projects.

Guangxi's rare earth assets once again become Competition among central enterprises Focus.

According to the three year plan of Guangxi nonferrous metals, the company plans to form 4 major industrial clusters, namely tin, zinc, lead, antimony and indium polymetallic industrial clusters, tungsten, titanium, tantalum, niobium and other rare resources development industrial clusters, metallurgical mineral resources industrial clusters and rare earth industrial clusters. Among them, tin, zinc, lead, antimony and indium polymetallic industrial clusters take Huaxi Group as the main body of development, and the cooperative assets of Sino Singapore are concentrated in tungsten and titanium resources clusters. The partners in the two major industries of metallurgical mineral resources industrial clusters and rare earth industrial clusters have yet to be settled. Chinalco aims to cooperate.

Guangxi Nonferrous Metals Group has become the only non-ferrous metal group with rare earth mining rights in Guangxi by holding shares of Jin Yuan rare earth Limited by Share Ltd 55% of the Guangxi Nonferrous Metals Group. According to the development plan of Guangxi nonferrous metals, the group will invest about 3 billion yuan in technological transformation funds for Jin Yuan rare earth, start 6 large-scale construction projects, and invest about 2 billion 500 million yuan of funds to integrate 7 non-ferrous metal resources projects within and outside the region.

Now, it seems that the China aluminum master is here to be the rare earth company, which is known as the new production value of nearly 20 billion yuan in Guangxi nonferrous metals, 2 billion yuan in profits and taxes and more than 3000 jobs.

Of course, whether Sino Guangxi cooperation will be limited to the scope of previous cooperation agreements, and it is not yet known that the rare earth resources should be handed out. Earlier, the group has indicated that it is working on integration of rare earth production enterprises in Jiangsu, Guangxi and northern Guangdong.

Guangxi's rare earth competition for two central enterprises will soon be a result. According to the document requirements issued by the local government of Guangxi in July this year, the order for the development of rare earth mines in the region before November was banned, and illegal mining sites were banned. This is actually a prelude to the integration of rare earth resources in the region. Nearly November, operators of rare earth resources in Guangxi will soon emerge.