Rare earth deep processing approval decentralization

Recently, the State Council issued a series of new policies, in which the decentralization of rare earth deep processing approval means that the government support intention is obvious, and the relevant concept stocks or salted fish stand up.

Rare-earth mining Separation is not yet clear The intention of the State Council to support deep processing is obvious. Analysts believe that this policy embodies the principle that the state still exercises control over the separation of strategic resources such as rare earths, iron ore, coal mines, and mines. The State Council has cancelled and delegated a number of administrative approvals. The matters involving the mineral resources industry are the greatest changes in potash fertilizers and deep processing of rare earths. Among them, the support for deep processing of rare earths has a clear intention.

The examination and approval of the reform of rare earth deep processing decentralization proposed by the latest administrative examination and approval, with the exception of the development of rare earth mines and the approval of Other mine development projects (excluding coal mines and mines) for the development of iron ore with an industrial reserves of 50 million tons or above, was transferred to the province. Investment authority. At the same time, the approval of deep rare earth deep processing projects is also devolved into the province.

Analysts believe that this policy embodies the principle that the country still exercises control over the separation of strategic resources such as rare earths, iron ore, coal mines, and mines.

The 2004 version of the "Decision on the Reform of the Investment System" stipulated that mine development, smelting separation and total investment of 100 million yuan or more in the deep processing of rare earth projects shall be approved by the State Council investment authority, and the remaining rare earth deep processing projects shall be approved by the provincial government investment authority. In 2007, the Ministry of Land and Resources will handle the newly established certification authority for tungsten, rare earth prospecting and mining rights.

Li Ruijun, of the Institute of Land and Resources Economics, believes that the State Council’s further cancellation and decentralization of administrative examination and approval reflects the fact that, in the context of the economic downturn, the country hopes to invigorate the economy by loosening business. As far as rare earths are concerned, although rare earth capacity is far from surplus, rare earths, as an important raw material for strategic emerging industries, will play an increasingly larger role in the future. The approval of rare earth mining and smelting projects still follows the restrictive liberalization policy.

An Taike rare earth analyst Chen Jiazu believes that the rare earth is a protective mineral, the rare earth mining and separation of the approval process of the extension of the delay but did not let go, is the market expected. At the same time, the examination and approval of rare earth deep processing projects will be completely discharged to the provincial government, instead of being graded according to the amount of investment as in the past, reflecting the state's encouragement and support attitude toward deep processing of rare earths.

It is reported that China's rare earth industry is characterized by strong upstream and weak downstream, that is, China's rare earth resources are rich in resources, mining and smelting capacity is strong, but downstream deep processing, such as magnetic materials, but far inferior to Japan, Europe and the United States. The examination and approval of the state's decentralized rare earth deep processing project shows a supportive attitude that hopes to live.

Commodity limited release of the latest administrative approval reform proposed, the national planning mining area of ​​the new annual production capacity of less than 1.2 million tons of coal mine development project approval, decentralized to the provincial investment authority. The original policy was that the coal development projects in the national planning mining area were approved by the investment authority of the State Council.

Around 2005, the Ministry of Land and Resources established 45 coal mining areas in the coal enrichment zone on the basis of clearing large and medium-sized coal mining sites and suspending the approval of coal mining rights. The aim is to control the mining rights so as to achieve rational distribution and optimization. Structure, scale mining.

China Coal Association believes that the decentralization of planning and mining rights for small and medium-sized coal mining projects in the mining area has increased the flexibility of enterprises to expand property rights. At the same time, the relocation behavior of the market players in the country's planned mining areas will not impact coal supply. After all, large companies in the region have strong market judgment and will not easily expand production.

In addition, the approval of the New Deal for the rare earth, *, scale iron ore and other minerals, the right to examine and approve decentralization to the province, in order to increase business investment flexibility. Previously, electrolytic aluminum projects with new production capacity, new alumina projects, and mine development projects with a total investment of 500 million yuan or more in nonferrous metals were approved by the investment authority of the State Council. Other mine development projects were approved by the provincial government investment authority.

The Potash Fertilizer Project was approved for decentralization and approval. The New Deal proposed that companies invest in potassium mineral fertilizers and phosphate mineral fertilizers projects and be decentralized to provincial departments. According to the previous policy agreement, the project of an annual output of 500,000 tons or more of potash fertilizer shall be approved by the investment authority of the State Council, and other phosphorus and potassium mineral fertilizer projects shall be approved by the investment authority of the local government.

The biggest change in the New Deal and the original policy is the application of the potassium mineral fertilizer project. Analysts believe that this has little effect on the potash industry. China lacks potash resources. Only Qinghai, Xinjiang, and Tibet have potassium mines in a few provinces. Qinghai Salt Lake and Lop Nur in Xinjiang have achieved industrialization. The output of the Salt Lake Group and Guannong have exceeded one million tons, resulting in stronger capacity expansion. The judgment. In other provinces, because there are no resources, even if the approval authority is decentralized, there will not be much production capacity.