LYC 2.72% $7.14 lynas rare earths limited

Courtesy of Lei this is a quick google translate version of the...

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    Courtesy of Lei this is a quick google translate version of the article. I will take my time reading it. Nice find well done.

    In strong support of relevant departments, Inner Mongolia Autonomous Region People's Government measures to strengthen the protection of the Bayan Obo rare earth mine resources, support Baogang Group completed a total length of 58 km fence protecting mine and video surveillance systems, and in the near future to achieve a full closure of the mine management.

    Bayan Obo is the world's largest rare earth, iron, niobium and other metal Ore mining area of 48 square kilometers, rare earth reserves account for 93% of the national production accounts for more than 65% of the country.

    Driven by the huge profits, the illegal mining of rare earth mining phenomenon of long-term repeated. Baotou Steel Group was officially launched in early 2012 to protect rare earth resources engineering in the construction of the rare earth mine boundary and 3 meters wide, 2 meters deep trenches and guard mine circumference of 2.5 meters high fence (barbed wire). DAMAOQI herders pasture area as it involves the issue of compensation, so that the total length of 58 km of nursing facilities once the mine is blocked.

    To effectively address the key mining regulatory issues, strengthen management at the source, this year, the Ministry of Industry and Information Technology, the financial support of the Ministry, the regional government has organized the strength in depth field research, increase coordination of efforts, propose appropriate measures and instructed Baotou Municipal resolved soon.

    Baotou municipal government attaches great importance to municipal and government leaders personally in charge of the coordination and supervision, and held a special meeting to hear Baiyun District, DAMAOQI, Baotou Steel Group's opinion, research solutions; to safeguard the overall situation of stability and unity in the Under the joint efforts of all parties, and Baotou Steel Group, Baotou municipal government compensation over ten million yuan of funds, and properly handle the problems left by history. November 18, 2013, the successful completion of the final three kilometers fence construction, 58 km fence fully closed.

    While the Bayan Obo mine fence construction, Baotou Steel Group invested 36 million yuan to install 627 cameras, build two central control room, built mine video surveillance system; mine protection team composed of 190 people, equipped with the appropriate transportation and communication tools, implementation 24-hour patrols; develop nursing mine management system, specific responsibilities clear mining, transportation, warehousing and other aspects of each post. Baotou City Commission by letter actively coordinating relevant departments and district (flags),

    Baotou Steel Group and departments to achieve network management systems, covering the construction of Baotou Rare Earth monitoring platform. Baiyun District Government with protecting the mine, police established a rare earth mining, ore mining bureau in the main access roads to set up checkpoints on minerals shipped out to check the registration, to ensure that the flow of rare earth mineral resources are not illegal enterprise.
 
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