On December 22, big news came from China's super "rare earth aircraft carrier" under construction.
China Minmetals Rare Earth Co.Ltd(000831) it is announced that the strategic reorganization of rare earth assets related to Chinalco, China Minmetals and Ganzhou Municipal People's government will set up a new company controlled by the SASAC of the State Council, and the equity of seven companies in the three parties will be transferred as a whole. After this reorganization, China Minmetals Rare Earth Co.Ltd(000831) controlling shareholder is still China Minmetals Rare Earth Co.Ltd(000831) group, but the actual controller will be changed from China Minmetals to a new company.
According to the first batch of total amount control indicators for rare earth mining, smelting and separation in 2021 released by the Ministry of industry and information technology in January this year, once the reorganization is completed, the newly established rare earth giant will account for nearly 70% of the total amount of China's medium and heavy rare earth mineral products, echoing with China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) north and south, shaping a new pattern of two rare earth groups, one south and one north.
Since the beginning of this year, the strategic reorganization of central enterprises has frequently seen great efforts. At the beginning of this month, China logistics group was established. Previously, China Star network and China electric equipment were also established. In addition, Sinochem Group and China chemical industry were jointly restructured, and China Electronics Technology was restructured, China Putian, etc.
the new company is controlled by the SASAC of the State Council
the equity of seven rare earth companies is transferred to
On the evening of December 22, 2021, China Minmetals Rare Earth Co.Ltd(000831) announced that the company received a notice from the actual controller China Minmetals. After the state owned assets supervision and Administration Commission of the State Council studied and reported to the State Council for approval, it agreed that Aluminum Corporation Of China Limited(601600) group, China Minmetals and Ganzhou Municipal People's government would carry out strategic reorganization of relevant rare earth assets and establish a new company controlled by the state owned assets supervision and Administration Commission of the State Council.
The announcement shows that the equity of China rare earth Co., Ltd. held by Aluminum Corporation Of China Limited(601600) group, the equity of China Minmetals Rare Earth Co.Ltd(000831) and China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd. held by Minmetals, and the equity of China Southern rare earth group Co., Ltd., Jiangxi Ganzhou rare metal Exchange Co., Ltd. held by Ganzhou rare earth Group Co., Ltd. and its affiliated enterprises The equity of Ganzhou Zhonglan rare earth new material technology Co., Ltd. is transferred to the new company as a whole.
China Minmetals Rare Earth Co.Ltd(000831) said that after the reorganization, the controlling shareholder of the company is still China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd., but the actual controller will be changed from China Minmetals Group to a new company.
In fact, it was reported earlier this month that China had approved the establishment of one of the world's largest rare earth companies. The report pointed out that at a time of increasing tension between China and the United States, China's move aims to maintain its leading position in the global supply chain of this strategic metal. The report quoted people familiar with the matter as saying that the new company will be named China rare earth group and will be established as soon as this month in Jiangxi Province, a resource rich province in southern China.
On September 23 this year, China Minmetals Rare Earth Co.Ltd(000831) announced for the first time and received a notice from China Minmetals that Aluminum Corporation Of China Limited(601600) group, China Minmetals and Ganzhou Municipal People's government are planning the strategic reorganization of relevant rare earth assets.
or reshape the pattern of China's rare earth industry
According to the China Minmetals Rare Earth Co.Ltd(000831) announcement, the two central enterprises jointly set up a new company with the local government, which means that the pattern of China's six rare earth groups may be broken.
In 2011, the State Council issued several opinions on promoting the sustainable and healthy development of rare earth industry. The Ministry of industry and information technology put forward the plan of establishing "1 + 5" national large rare earth group, which opened the curtain of integration of rare earth industry. Finally, six rare earth groups were formed, including China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Chinalco group, Xiamen Tungsten Co.Ltd(600549) , Minmetals Group, Guangdong rare earth and southern rare earth.
Some institutions believe that once the reorganization is completed, the newly established rare earth giant will echo with China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) north and south, shaping a new pattern of two rare earth groups, one south and one north, which can better coordinate the rare earth production capacity, so as to improve the pricing power and control of the industry, and the model of sharp rise and fall of rare earth prices in recent years will become a thing of the past, It has strategic significance for protecting resources and maximizing national interests.
In January this year, the Ministry of industry and information technology released the first batch of total control indicators for rare earth mining, smelting and separation in 2021. In terms of medium heavy rare earth mineral products, the proportion of China rare earth, south rare earth group and China Minmetals Rare Earth Co.Ltd(000831) group to be included in the reorganization accounts for 67.94%. If Xiamen Tungsten Co.Ltd(600549) is added, the total proportion will exceed 85.90%.
From the perspective of several non listed companies to be included this time, China rare earth is a comprehensive rare earth enterprise group across multiple provinces (regions) with light, medium and heavy rare earth mineral resources, smelting separation and downstream deep processing business, and is involved in the production of gallium and the development of tungsten resources in rare metals. In addition to the 53% shareholding of Aluminum Corporation Of China Limited(601600) group, the Chinese rare earth shareholder Fang is also involved in two other A-share companies. One is Jiao Zuo Wan Fang Aluminum Manufacturing Co.Ltd(000612) from Henan, with a shareholding ratio of 13.17%, and the other is Grinm Advanced Materials Co.Ltd(600206) , which holds 3.11% through its holding subsidiary Youyan rare earth.
China Southern rare earth group is the absolute holding company of Ganzhou rare earth group (with a shareholding ratio of 94.5%), the largest shareholder of the latter is Ganzhou SASAC, and the other shareholders also include Jiangxi administrative assets group and the SASAC of eight districts and counties under Ganzhou. Ganzhou, as a famous "Rare Earth Kingdom" at home and abroad, is the discovery place and mining technology invention place of ionic rare earth in China. At present, Ganzhou has become the largest main origin and smelting and processing cluster of medium heavy rare earth resources in China, and occupies an extremely important position in the field of medium heavy rare earth.
this year, the integration of central enterprises has seen great efforts
The establishment of China's rare earth "super aircraft carrier" is only the latest case of the reform of central enterprises. Since this year, the reform of central enterprises has frequently seen great efforts. A number of new central enterprise giants have been established, or joint restructuring has been carried out on the original basis.
On December 18, the state owned assets supervision and Administration Commission of the State Council held a meeting of heads of central enterprises to summarize the progress of reform this year and deploy the key work next year. Hao Peng, Secretary of the Party committee and director of the SASAC of the State Council, said at the meeting that 70% of the objectives and tasks of the three-year action of state-owned enterprise reform were successfully completed.
Hao Peng said that this year, efforts will be made to promote strategic restructuring and professional integration. China Star network, China electric equipment and China logistics group were established, Sinochem Group and China chemical industry group were jointly restructured, China Electronics Technology Corporation was restructured, China Putian was restructured, Anshan Iron and steel group was restructured, Benxi Iron and steel was successfully completed, the asset restructuring of national pipe network group was successfully completed, the specialized integration of rare earth and coal was deeply implemented, and the implementation of logistics big data platform and marine equipment innovation platform was accelerated.
Specifically, China logistics group was officially established on December 6. The newly established China Logistics Group is based on the integration of the former China Railway Materials Group and four enterprises in the logistics section of China Chengtong holding group, China materials storage and transportation group, Hong Kong China Travel China trade international logistics, China Logistics Co., Ltd. and China Packaging Co., Ltd. China Eastern Airlines Group, COSCO Shipping Group and China Merchants Group are simultaneously introduced as strategic investors to form close strategic coordination.
On September 26, the inaugural meeting of China Electrical Equipment Group was held in Shanghai. China electric equipment group was reorganized by China Xd Electric Co.Ltd(601179) group and XJ Group, Pinggao group, Shandong Electric Group, nanruihengchi, nanruitaishida and Chongqing Borui under the State Grid Corporation of China, aiming to coordinate and optimize the layout of transmission and distribution equipment manufacturing industry in a wider field and at a higher level, Further improve the modernization level and high-end competitiveness of China's industrial chain in the field of transmission and distribution equipment.
On April 28, the state owned assets supervision and Administration Commission of the State Council announced that with the approval of the State Council, a new China Spacesat Co.Ltd(600118) network group was established, and the state owned assets supervision and Administration Commission of the State Council performed the duties of investor on behalf of the State Council. Xinhua News Agency reported on April 29 that China Spacesat Co.Ltd(600118) network group signed a cooperation agreement with the Management Committee of xiong'an new area and was inaugurated in xiong'an new area.
In March this year, Sinochem Group and Sinochem Group implemented a joint reorganization, and a new Sinochem holding (hereinafter referred to as Sinochem) was established, which was performed by the SASAC of the State Council on behalf of the State Council. Sinochem Group and SINOCHEM were included in Sinochem as a whole.
(China Fund News)
