A number of ministries are swinging their swords at illegal rare-earth industrial chains so that the “black-earth” cannot be “white”, thereby curbing rare-earth exploitation。
Yesterday, an internal report from the press of the 1st financial journal, obtained from authoritative sources, indicated that the province of hunan, under the lead of the ministry of industry and communications, had now identified seven businesses involved in rare land violations, confiscating the proceeds of the violations and imposing a penalty of $1. 4 million。
By combing the penal material of these offending enterprises, the newspaper's journalists found that some of the illegal mining and unknown origin of rare earth minerals had been diverted from each other through seven enterprises, which had received not only rare earth invoices that symbolized “lawful identity”, but also “lawfully” sold to downstream smelters。
In view of the proliferation of rare-earth and black mines, close to specialized inspection teams have indicated that a new round of anti-black operations will be carried out by various ministries to maintain high-handedness in combating violations。
"reform" after trader's billing
“the person in question, chen xx, was involved in the sale of the company's inventory, of which 305 tons of rare earth ore were sold for a sum of $456. 6 million, for which it was not possible to identify the source and impose a penalty of 500,000 yuan for the confiscation of the proceeds of the offence.”
This is a statement of violations of the law of jianghua rare land development limited (yungzhou city). This description has been included in the above-mentioned internal report, entitled " infringements in the province of hunan " 。
In addition to jianghua rare land development limited, hunan and kim business and trade development company limited (jongsha city), hunan and fung chemical industries limited (yongsha city), double county rich trading co. Ltd. (yongzhou city), flower county and shan mining co. Ltd. (zhuxi state), hanawon county sam source mining limited (zhuxi state) and bayan and mineral products trade co. Ltd. (zhuxi state) are also involved。
Of these, two companies in changsha city, which illegally bought and sold rare land, were involved in large sums of money, and the city chamber of commerce and industry referred the case to the public security authorities, while the remaining five companies were fined between $100,000 and $500,000, respectively。
According to various interviews with the newspaper's journalists, the seven enterprises mentioned above, although located in changsha, yongzhou and xinxi county, were not involved in each other's activities on their own, but, in cooperation with each other, had a close flow chain that would complete the entire process of selling the “black and rare soil” to the smelting-separating enterprises。
“these illegal rare earth mines are generally handled by several trading companies, first by a trading company that buys `black mines' and then sells them to one or more other trading companies, which are generally capable of issuing rare earth-specific invoices.” these close-to-investigators told the newspaper's reporters。
As a result of this link, illegal rare mineral products of illicit origin were “cleaned” because of the existence of rare earth-specific invoices. Since then, rare soil with a “legal” identity has been sold out through formal channels to smelters。
“the black chain of rare land is a source of disruption to market order.” the director-general of the rare land office of the ministry of industry and communications, jia ginsson, has publicly stated that the black interests of the black chain are behind the collusion, “it is not a criminal offence on the road, but a set of packages”
Specifically, out of the seven enterprises, the first steps in the acquisition of “black soil” have increased with the participation of four enterprises from hanahua county and hunae mining limited, hanawon county samagen mining limited, pailang and polytechnic trading limited and jiang hua rao earth development limited。
In the case of two rare-earth companies in hancheng county, xinxi county, senggen minerals limited had previously purchased china guangcai (beijing) ltd. 108. 2 tons of mixed rare earth mine and the acquisition of approximately 450 tons of chinese rich land mine from at least 7 private owners, totalling 558. 3 tons; and jun mining co. Ltd., from paixing county and fong co. A total of 64. 5 tons of rich land mines and 531. 5 tons of chinese rich land mines were purchased from different private owners, totalling 595. 9 tons。
These illegal rare-earth minerals have since been introduced into the hands of trading enterprises such as hunan and gold trading and trade development limited, hunan and polychemical co. Ltd. And double county wealth trading ltd. The above-mentioned internal reports indicate that these three trading enterprises, in addition to purchasing from the four above-mentioned producers, maintain trade with rare earth resources from other sources, including beijing and guangxi。
According to the close-to-investigators, these trading companies acted as the most critical “white gloves” during the “black-earth” flow, and, after acquiring the products of the four illegal businesses mentioned above, issued invoices for rare earth-specific vat。
“these minerals, which cannot be said to be legal, have been `defunct' by some means, since, for smelting separators, much of them have been purchased on the basis of invoices.” this one came close to the investigator。
The public information indicates that one of the main purposes of the execution of rare earth-specific invoices is to combat illegal rare earth mining, but the current problem is that traders can also issue special invoices, which means that access to specialized invoices is not too limited per se and that they are less effective in managing the industry。
Does the smelters know about this
Referring to the “black rare earth” in the market, the top of the first rare-earth company stated to the newspaper first financial journal that there were far more journalists in 2008 - 2010 and that “the market for rare earth has been downhill since 2011 at less than a day's price, while policy regulations and joint inspections have become more intensive, more stringent and more costly to break the law”
According to the data available to the journalists of this newspaper, the ministry of industry and communications, together with various ministries, including the ministry of public security, the ministry of territorial resources and the ministry of environmental protection, have previously identified 46 cases of illicit manufacturing enterprises, revoked 160 licences to operate rare-earth enterprises, seized 19,000 tons of illegal products, and the customs authorities detected 52 million yuan in smuggling cases。
“regular enterprises, especially large ones, such as national ones, cannot afford to take the risk.” according to some industry sources。
However, according to investigations by specialized inspection teams, this would have been an illegal mineral product, which was also sold after the “litting” to the sino-alumian coloured rare earth company, the smelter separators and other trading enterprises under the umbrella of major groups, such as the mining complex。
It appears to the outside world that although these smelters are not directly involved in the black mining trade, the origin of these rare earth mines is ultimately grey。
In response to these allegations, sino-aluminium responded yesterday to a reporter in the 1st financial journal that its enterprises had always complied with the requirements of the relevant laws and regulations in connection with the purchase of rare earth materials。
At present, as one of the six large rare-earth groups, china aluminium, with its holding of china rare-earth ltd. As the main group, will focus on the rare-earth mining, smelting, and integrated utilization enterprises in guangxi, jiangsu, shandong and sichuan provinces。
On the afternoon of the same day, it was stated to the press that attention had been paid to the report, but that, because of the lack of communication with the subsidiary, it was not certain that the information referred to in the report was false and that journalists were advised to ask the company directly. At the same time, the source confirmed that china is a wholly owned subsidiary of the five mines and that the acquisition of the five mines is still under way。
The five mines are well known as the guangzhou mining five precious land company, which is one of the five mining groups ' owned holdings. Last november, it was announced that it was proposed to acquire control over guangzhou's mining rare soil by cash. Currently, the project has completed an audit assessment and is in the process of filing and internal procedures. As no framework or intent agreement has yet been signed with the trading party for the five mines, the main trading elements, such as transaction prices, shareholding ratios, etc., have not yet been finalized。
At the time of the press release, there had been no response from the mining group。
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