Previously, Jiangxi Copper Group and Sichuan Mining Investment Group signed a cooperation agreement. Both parties agreed to increase the registered capital of Sichuan Jiangtong Rare Earth Co., Ltd., which was incorporated in August last year, to 1 billion yuan, and Jiangxi Copper Group has a controlling interest. Jiang Tong Group general manager Li Yuhuang said that Jiangtong Group and Sichuan Mine have jointly invested in the development of Funing's rare earth resources, aiming to protect, develop and utilize valuable rare earth resources rationally and effectively by leveraging the advantages that the other party has accumulated over the years in mining development and management. Bigger and stronger.
The industry believes that this move basically laid the foundation for Jiangbei and China Minmetals Rare Earth (Luzhou) Co., Ltd. and Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Co., Ltd. in the "three pillars" of China's rare earth industry. The emergence of another large-scale rare earth new material base will surely further increase the concentration of rare earth industries and enhance the world's discourse power of China's rare earth industries.
Jiangxi Copper Group is a mining company listed in London, Hong Kong and Shanghai. In addition to 900,000 tons/year of copper smelting production capacity, the annual production capacity of sulfuric acid has exceeded 2 million tons. It also has feed-grade copper sulfate, arsenic trioxide, and agricultural use. Copper sulfate, sulfur concentrate, copper sulphate for electroplating, nickel sulphate and other fine chemical products are important copper vulcanization laboratories in China. On December 2, Jiangxi Copper Group reorganized Jiangxi Guixi Fertilizer Co., Ltd. and became the chairman unit of Jiangxi Guihua. Currently, JCC has formed a complete industrial chain with the core business of copper mining, smelting, processing and curing, fine chemicals, fertilizers, new materials, and rare metals production and processing.
To develop rare earth resources in Suining, Jiangxi Copper Group won the mining rights of 2.94 square kilometers at the Maon Ping rare earth mine in Suining, Sichuan for a high price of 430 million yuan last year. In August of the same year, Sichuan Jiangtong Rare Earth Co., Ltd. was incorporated and the registered capital was 40 million yuan.
Linking China's rare earth reserves to the top in the world, the proven reserves of rare earth resources are 83.89 million tons (calculated as rare earth oxides), accounting for about 56% of the world's total, mainly in the light rare earths in the northern regions and in the southern regions. Heavy rare earth.
In the first half of this year, China Minmetals Rare Earth (Luzhou) Co., Ltd. announced the integration of nearly 100 high-quality ionic rare earth resources and rare earth smelting and separation companies in the surrounding areas of Luzhou City, Jiangxi Province. The Ganzhou City in Jiangxi Province has a reserve of 9.4 million tons of medium-sized heavy rare earths and reserves of 2.3 million tons, which account for 40% and 35% of China's ionic rare earth resource reserves, respectively.
Baotou Bayou Obo Mine in Inner Mongolia is the world’s largest symbiotic mine of iron and rare earth elements. Light rare earth accounts for 87% of the country’s total reserves and accounts for 40% of the world’s total reserves. Baotou Rare Earth has always played a major role in the development of China’s rare earth industry. .
Sichuan Suining Region is China's second largest source of rare earth resources after Baotou City, Inner Mongolia, and the second largest source of rare earth resources in the world. The proven reserves in the area have reached nearly 2 million tons and the current storage capacity is 1.57 million tons.
The reporter learned from Jiangxi Copper Group Corporation on December 14th that the group will invest 3.66 billion yuan in the next six years to develop China's second largest rare earth resource, the Maoniuping rare earth resource in Mianning County, Liangshan Prefecture, Sichuan Province, and vigorously develop rare earth deep processing. , set about establishing a R&D base for Sichuan National Engineering Center for Rare Earth Materials, making Liangshan a high-tech base for new rare earth materials in South China.
July 03, 2018