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the reporter learned from china rare earth group on the 14th that china rare earth group has made a major breakthrough in mineral exploration. the expert group believes that the expected new rare earth resources will be 4.96 million tons.

it is worth mentioning that china rare earth group’s total rare earth mining control target for the first two batches before 2024 is 81,350 tons.

a major breakthrough

according to china rare earth group, from september 12 to 13, in order to thoroughly implement the spirit of the third plenary session of the 20th cpc central committee, build a national strategic hinterland, and improve the exploration, production and supply system of strategic mineral resources, china rare earth group organized a special seminar in liangshan on building a national rare earth industry strategic hinterland and increasing rare earth resources reserves and production in the panzhihua area.

during the meeting, the leaders and experts in attendance visited the yakniuping rare earth mine and the smart command center of zhongxi (liangshan) rare earth co., ltd., and conducted a mid-term evaluation of the yakniuping reserve and production increase project. the expert group checked the original field data and the completion of the overall project goals and tasks through listening to reports and on-site surveys. they believed that the project carried out field work in accordance with the contract, the approval opinion of the implementation plan and the adjustment plan, completed the phased tasks, achieved outstanding prospecting results, and expected to increase the resource volume by 4.96 million tons (reo). the phased results were significant, and the mid-term results were evaluated as excellent.

it is reported that since its establishment, china rare earth group has resolutely served the national strategy, implemented the key work arrangements of the ministry of natural resources and the state-owned assets supervision and administration commission of the state council on increasing exploration and development and increasing reserves and production, and orderly promoted the work of increasing reserves and production around the goal of "consolidating the basic plate of main responsibilities and main business and ensuring the safe supply of national strategic resources", and achieved positive progress and remarkable results. first, it planned from the overall perspective, made moves at key points, coordinated the implementation of resource integration and industrial coordination, and completed the integration tasks in advance and comprehensively, and further improved the industrial control capacity; second, it vigorously promoted the work of increasing reserves and production, obtained a new batch of mining rights, increased exploration investment, "increasing reserves" to support sustainable development, and accelerated the construction of a new pattern of security and protection of rare earth resource development in my country, creating a strategic hinterland of rare earth resources and industries. the new round of increasing reserves and production has made a major breakthrough in liangshan, and the expected increase in rare earth resources is 4.96 million tons (reo); third, it carried out international cooperation and built a new pattern of international competition; fourth, it increased the research, integration and technical engineering of green exploration and development technology, and formed a process combination with different resource endowments and different geological characteristics.

china rare earth group stated that it will seize the opportunity of deepening the reform of state-owned enterprises and building world-class enterprises, focus on a new round of breakthroughs in mineral exploration, further emancipate the mind, uphold integrity and innovation, and effectively enhance the core functions of the group company in ensuring the security of rare earth resources. it will give full play to the three major roles of innovation leadership, industrial control, and security support, keep a close eye on the six goals of expanding resources, increasing reserves, increasing production, stabilizing supply, reducing costs, and ensuring safety, and make new and greater contributions to ensuring the security of the country's rare earth resources with "the country's big picture" in mind.

it is understood that in august, the ministry of industry and information technology and the ministry of natural resources issued a notice on the second batch of rare earth mining, smelting and separation total control indicators in 2024. the notice stated that the second batch of rare earth mining and smelting separation total control indicators in 2024 are 135,000 tons and 127,000 tons respectively. among them, the total rare earth mining control indicator of china rare earth group is 40,930 tons.

the first batch of rare earth mining, smelting and separation total control targets in 2024 are 135,000 tons and 127,000 tons respectively. among them, the total rare earth mining control target of china rare earth group is 40,420 tons.

overall, china rare earth group's total rare earth mining control target for the first two batches before 2024 is 81,350 tons.

according to the official website of china rare earth group, china rare earth group co., ltd. (referred to as "china rare earth group") was established on december 23, 2021 in ganzhou city, jiangxi province. it was formed by the reorganization and integration of rare earth assets of china aluminum corporation, china minmetals corporation, and ganzhou rare earth group co., ltd., and the introduction of two technology-based enterprises, china iron and steel research group co., ltd. and china research institute technology group co., ltd. it is a diversified central enterprise directly supervised by the state-owned assets supervision and administration commission of the state council.

china rare earth group is mainly engaged in rare earth resource development, smelting and separation, deep processing, and import and export trade of rare earth products. its business scope covers the entire rare earth business field and the entire industrial chain, including scientific and technological research and development, exploration and mining, smelting and separation, deep processing, comprehensive utilization of renewable resources, new material research and development and manufacturing, complete sets of equipment, technical consulting services, import and export and trade. its industries are spread across jiangxi, guangxi, hunan, sichuan, jiangsu, shandong, yunnan, guangdong and fujian, as well as relevant countries and regions in southeast asia. it owns two listed companies, china rare earth (stock code: 000831) and guangsheng nonferrous metals (stock code: 600259).

china rare earth group has significant resource reserve advantages, concentrating heavy rare earths and light rare earths into one. medium and heavy rare earth resources are mainly distributed in six provinces (autonomous regions) including jiangxi, guangxi, guangdong, hunan, fujian and yunnan, while light rare earth resources are mainly distributed in sichuan and shandong.

ao hong went to vietnam for inspection

from august 26 to 30, ao hong, secretary of the party committee and chairman of china rare earth group, led a delegation to vietnam to inspect the rare earth industry, and actively discussed strengthening practical cooperation in key mineral fields with relevant departments of the vietnamese government, vietnam coal group and its affiliated companies.

on august 27, ao hong paid a visit to nguyen hoang anh, chairman of the vietnam enterprise state capital management committee, and the two sides had in-depth exchanges on deepening rare earth industry policies and practical industrial cooperation.

ao hong said that china rare earth group has world-leading technology and industrial advantages in rare earth resource exploration and development, smelting and downstream applications. in the next step, it will continue to deepen and promote pragmatic cooperation in the rare earth industry, and promote the high-quality development of vietnam's rare earth industry through mutual benefit and win-win results.

nguyen hoang anh welcomed the visit of china rare earth group and highly affirmed and supported china rare earth group's visit to vietnam to promote the development of rare earth industry cooperation. he said that vietnam has good rare earth resources, and the rare earth industry is widely used in new energy vehicles, semiconductors and consumer electronics. it is a strategic emerging industry for vietnam. china is a world power in the rare earth industry, with a complete industrial policy, research and development system, advanced technology and talent team. it is hoped that the two sides will give play to their complementary advantages, deepen industrial cooperation through the state-owned central enterprises of the two countries, and promote the high-quality and sustainable development of rare earths in accordance with the rare earth industry development plan approved by the prime minister of vietnam (decree no. 866/qd-ttg). the state-owned assets supervision and administration commission of vietnam will continue to support the development of china rare earth group in vietnam, and hopes that china rare earth group and vietnam coal group can accelerate the implementation of cooperation projects under the legal framework of china and vietnam.

from august 27 to 30, the delegation held multiple rounds of work exchanges and consultations with vietnam coal group, china mining corporation and dongbao mine. ao hong and his delegation held work consultations with wu huangyin, chairman of vietnam coal group and other senior management teams. the two sides reached a consensus on further deepening cooperation and determined the working group. the working groups of both sides held work docking consultations and went to the mine site for work exchanges to explore cooperation principles, paths and high-quality development plans.