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RISING NONFERROUS METALS CO., LTD
2012-12-13 15:53:57

RISING NONFERROUS METALS CO., LTD (referred to as RNM) is a large scale state-owned-enterprise and a listed corporation . The scope of business of RNM includes rare earth, tungsten industry, non-ferrous metal mining, smelting, research, trading and warehousing. RNM has a total share capital of 249 million shares, with 17 wholly owned and holding subsidiaries. The stock is included in the constituent stocks of the SSE 180 Index and the CSI 300 index constituent stocks.The company is categorized as the “China Rare Earth Industry Association Vice President” corporation. RNM is the only listed company with its core business in the medium and heavy rare earth, and the company is categorized as the vice president of China Rare Earth Industry Association unit and the vice president of the China Tungsten Industry Association unit.

The controlling shareholder, Guangdong Rising Assets Management Co., Ltd. (hereinafter referred to as GRAM) is one of the large scale state-owned enterprises,which are directly under the regulation of State-owned Assets Supervision and Administration Commission, the People's Government of Guangdong Province. GRAM has the registration capital of RMB 1 billion and a total assets of RMB 73.2billion. GRAM is in harmonious development among the main business of mine industry and three supporting businesses, including Electrical information, hospitality & tourism and real estate. GRAM is the second biggest shareholder of China Telecom, the majority shareholder of Shenzhen Zhongjin Lingnan Nonfemet Company Limited (stock no: 000060), Guangdong Fenghua Advanced Technology (Holding) Co., Ltd. (stock no: 000636) and Guangdong Rising Nonferrous metal Co., Ltd (stock no: 600259). GRAM also possesses 4 overseas listed companies which are holding more than1 trillion RMB equivalent value against the resources including lead-zinc, copper gold, rare earth, coking coal etc.

The company has an abundant reserve of mineral resources including 5 tungsten mines. Furthermore, RNM is holding the only and all four rare earth mining licenses in Guangdong Province. RNM not only developed a relatively complete industrial chain, but also built up a train system for rare earth industrial, starting from mining beneficiation, smelting and separation, intensive processing to the application of scientific research and trade. RNM has a leading rare earth separating capacity which arrived 15,000 tons per year and the most advanced production technology and controls 5 ion-type rare earth separation plants. Besides the existing capacity, RNM has an obvious advantage in technological innovation. The provincial and ministerial level Rare Earth Rare Metals Research Institute, two rare earth new materials research center have been setup, which developed technologies such as rare earth smelting ammonia wastewater zero-emission technology, ore-melting technology that used organic acids to take place of inorganic acid and so on. It holds the independent intellectual property rights and part of the patented technology of north and south ore separation. The products of the separation have passed the ISO14001: 2004 Environmental Management System Certification and ISO9001: 2008 Quality Management System Certification.

Vigorously implement the rare earth industry headquarters strategy, relying on the major projects of the China Southern Rare Earth Science and Technology City etc., focusing on the development of rare earth high-tech industries (such as rare earth permanent magnet materials, hydrogen storage materials, catalytic materials, luminescent materials, polishing materials, functional materials) and application of rare earth products (including nickel-hydrogen battery, automobile exhaust purification, rare-earth energy-saving lamps, rare earth functional ceramics), RNM is willing to build a strategic emerging industries demonstration base and rare earth high-tech industrial base which will be "renowned internationally, first-rate nationally, and No.1 in Guangdong”.

The company will further accelerate the industrial restructure to promote restructuring and upgrading of the enterprise. In order to create a world-class rare earth Group, the next step for RNM is to invest in and cultivate a batch of advantaged mineral projects, to develop the “ three rare” metals (precious metals, scattered metal and rare earth metals) and the metals that have a comparatively strong mercerization appropriately, to extend the deep processing industrial chain of tungsten, to promote the integration of rare earth and to strengthen deep processing of rare earth.

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