China to fight illegal exploration of rare earth minerals
China’s Ministry of Land and Resources is due to release a six-month operation to fight illegal exploration and mining of rare earth minerals, of which the country accounts for 97% of the world’s proven reserves. The campaign will start in June and will shut down unlicensed exploration and mining operations by demolishing construction, confiscating equipment and products, closing shafts and cutting off water, power and explosives supplies, according to the ministry’s website.
A consolidation plan to the rare earth sector is also on the cards, in order to make miners gain output volume and reach better deals.
Publicado em: 21/5/2010 15:23:00
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