Beijing based China Minmetals Company has acquired an additional 35% stake in its Jiangxi Province based subsidiary China Minmetals Rare Earth Company.

China Minmetals Rare Earth Company is the core rare earth production platform of China Minmetals with an annual rare earth separation capacity of 8,600 tonnes. On July 25th 2008, China Minmetals united two private enterprises in Jiangxi, namely, Dinnan Dahua Advanced Material Resources and Ganzhou Hongjin Rare Earth establishing the JV China Minmetals Rare Earth Company with China Minmetals holding 40% stake while the two private sector companies each held a 30 percent stake.

With the other two companies each selling a 17.5% stake in China Minmetals Rare Earth to China Minmetals, the latter's stake has now increased to 75%.

(Sourced from Steel Orbis)
Visit www.steelorbis.com for more