jiangsu & ece

From China-EEC.com translated

ECE Signed Strategic Cooperation Agreement with Rare Earth Metallurgy Plants of Jiangsu Province

After full communication and thoughtful preparation, on June 13th the first meeting was held at Huadong Mansion (head office of ECE) to integrate the rare earth metallurgy plants of Jiangsu province. The meeting was chaired by Nie Qibo, deputy party secretary of ECE. Six rare earth metallurgy plants in Jiangsu province attended the meeting, and Shao Yi, director general of ECE, delivered a keynote speech.
Shao Yi pointed out that all the parties concerned should make joint efforts to promote the cooperation and the new company after integration should form scale economy strength and extend the industry chain to the downstream processing and application. Two important work should be done in the next phase. One is to finalize Integration Work Report, and submit it to Jiangsu Provincial Government to get its support. The other is to link the integration work to the capital market, and engage a specialized organization to provide us a restructuring program and conduct assets appraisal as well.
All the attendees reached a consensus that the integration of the rare earth metallurgy plants would make positive contribution to the implementation of the national policy of developing rare earth industry, and would be of great significance to the economic structure readjustment and industry upgrading of Jiangsu Province. Besides, resources integration of rare earth industry would be beneficial to the full use of current production capacity, greatly avoid duplication of similar projects, increase economic benefits, open a new way to effective use of resources, and conform to the demand of environmental protection and sustainable development.
After a heated discussion among the attendees, the articles of the agreement were defined, and the Strategic Cooperation Agreement was signed. Miner dyor.