China National Color Group assists Guangxi Nonferrous Development of Tungsten and Titanium Resources Project

Following Chinalco and Minmetals, China Nonferrous Metals Group has become another central enterprise targeting Guangxi non-ferrous metal resources. On July 8, China Nonferrous Metals Group and the People's Government of Guangxi Zhuang Autonomous Region signed a strategic cooperation agreement in Nanning. Under the framework agreement, China National Color Group will promote cooperation with Guangxi Nonferrous Metals Group in the development and integration of non-ferrous metal resources, non-ferrous metal smelting and deep processing projects, and realize capitalization operation and equity diversification for the excellent assets of Guangxi Nonferrous Metals Group. Create favorable conditions.

According to industry insiders, the cooperation between China National Color Group and Guangxi is likely to be based on the integration of resources in the province of Guangxi. In addition to the non-ferrous metals assets of other provinces outside the Huaxi Group of Guangxi Nonferrous Metals, it is likely to be taken out. China-Color cooperation.

According to the three-year plan of Guangxi Nonferrous, the company plans to form four industrial clusters, namely tin, zinc, lead, antimony and indium polymetallic industrial clusters, rare resources development industrial clusters such as tungsten, titanium and thorium, and metallurgical mineral resources industrial clusters. And rare earth industry clusters. In addition to the tungsten and titanium resource clusters that have been cooperating with China National Color Group, the tin, zinc, lead, antimony and indium polymetallic industrial clusters are located in the hands of Huaxi Group.

China National Color Group proposed to develop resources with Guangxi public, and it is bound to enter the Guangxi non-ferrous metallurgical and mineral resources industry cluster. The Guangxi Rare Earth Industry Cluster entity is also located in Hezhou. In 2009, Guangxi Nonferrous Metals Co., Ltd. and Hezhou Jinyuan Rare Earth Functional Materials Co., Ltd. jointly established Guangxi Nonferrous Metals Group Jinyuan Rare Earth Co., Ltd., Guangxi Nonferrous Metals Co., Ltd. held 55%, and promised to invest about 3 billion yuan in technical transformation funds within two years, starting 6 A large construction project.

Previously, insiders of China National Color Group disclosed to the China Securities Journal that they are starting to integrate rare earth production enterprises in Jiangsu, Guangxi and northern Guangdong. Regarding whether it will get involved in Guangxi's non-ferrous rare earth industry, the insiders of China National Color Group avoided answering it. It is only vague that the cooperation between the two sides is only the beginning. There are still many possibilities for future cooperation. Perhaps the various cooperations in the Sino-Singapore group may include cooperation with Guangxi Nonferrous in the rare earths.