On November 20th, the China New Technology Mineral Industry Development Summit and the Heyuan Rare Earth Industry Investment Promotion Conference were held in Heyuan City. On the 20th, seven leading domestic rare earth industry enterprises, including China Mining United Investment Co., Ltd., signed a contract with the Heyuan Municipal Government to invest a total of more than 10 billion yuan in building seven rare earth industry projects in Heyuan.

It is reported that Heyuan City will strive to use 5 years to build a rare earth industry cluster that integrates resource extraction, processing, and application, with a main business revenue of 15 billion yuan and a goal of 20 billion yuan. Heyuan will be built into a rare earth reserve, new material production, and research and development base in southern China.

The cooperating enterprises are all leading in the industry

In order to accelerate economic development and promote the breakthrough of the rare earth industry, Heyuan has successively introduced multiple preferential policies to fully encourage and support the city's rare earth industry enterprises to accelerate their development. In early 2011, Heyuan signed a strategic cooperation agreement with China Minmetals Corporation, and achieved significant results in identifying and implementing rare earth resources, comprehensive recycling and utilization of pressed rare earth resources, preparing rare earth industry plans, demonstrating green mining construction, and improving the research and development level of the rare earth industry.

After negotiations, 7 leading domestic rare earth industry enterprises including China Mining United Investment Co., Ltd. signed a contract with the Heyuan Municipal Government on the 20th, intending to invest a total of 10.94 billion yuan to build 7 major rare earth industry projects in Heyuan, all of which will be settled in the Heyuan Rare Earth High tech Industrial Park.

Resources: Prospective rare earth ore resources exceeding 3 million tons

Heyuan is known as the "treasure trove of eastern Guangdong", and 56 mineral resources have been discovered in the city, characterized by wide distribution, high grade, and large scale. Among them, the rare earth industry has huge development space and potential.

According to He Zhongyou, Secretary of the Party Committee of Heyuan City, Heyuan has two major "gold mines". One is the reservoir in the city, which has the largest drinking water source in South China - Wanlv Lake. The water of Wanlv Lake is known as the "fluid gold mine" of Heyuan, and the other is the rich rare earth mineral resources in the city, which are known as the "solid gold mine" of Heyuan. Heyuan ion type rare earth ore is rich in elements such as yttrium, dysprosium, and terbium, and is an important raw material for producing high-performance rare earth permanent magnet materials, luminescent materials, and other materials, with unique resource advantages.

It is reported that the total area of Heyuan City rich in rare earth resources is 5225 square kilometers, accounting for about one-third of the land area of Heyuan. In addition, Heyuan has currently delineated 6 prospective areas rich in rare earth resources, with a prospective resource volume exceeding 3 million tons.

Heyuan has established a rare earth high-tech industrial park with a total land area of approximately 1.68 square kilometers in the Heyuan High tech Zone.

Goal: To build a rare earth industry cluster worth 20 billion yuan

So, how to transform the advantages of rare earth resources into economic advantages? According to Xie Chunsen, Deputy Mayor of Heyuan City, by the end of 2020, Heyuan will strive to form a complete industrial system from rare earth resource reserves, mining development, smelting and processing, scientific research and application to trade, and strive to form 3-4 leading enterprises with sales revenue exceeding 5 billion yuan, achieving a rare earth industry sales revenue of 30 billion yuan.

For the development of the rare earth industry, Heyuan City proposes to build five industrial clusters, including rare earth permanent magnet materials, rare earth luminescent materials, rare earth hydrogen storage materials, rare earth intermediate alloy materials, rare earth functional ceramics, and catalytic new materials, while protecting resources and environment.

In addition, Heyuan City promises to follow the idea of "overall planning, step-by-step implementation, green resource development and deep processing", and strive to quickly establish a high starting point and strong core competitiveness rare earth deep processing industry chain in Heyuan, ultimately forming a complete circular development system such as "integrated exploration, strategic reserves, green development, separation and smelting, product application development, technological innovation support, rare earth comprehensive recycling and utilization, ecological restoration", and achieving green, sustainable, and cluster development of Heyuan rare earth industry.

Seven contracted projects

1. China Mining United Investment Co., Ltd.: The company plans to establish the "Heyuan City Comprehensive Resource Development Investment Fund". The total scale of the fund is tentatively set at 10 billion yuan, mainly to play the role of integrating resources, incubating and guiding resource industry upgrading, and promoting local urbanization construction. Among them, the investment in rare earth resource development is 5 billion yuan, water resource development is 2 billion yuan, and urban development is 3 billion yuan.

2. Yuefa Mining Co., Ltd. in Chenzhou City, Hunan Province: Investing in rare earth ore fine separation and permanent magnet material research and development production projects in Heyuan. If the relevant project is put into operation as planned, the estimated investment amount is 300 million yuan.

3. Guangdong Wuxin Mining Co., Ltd.: The company plans to invest in the construction of the Heyuan New Technology Mineral Testing Center and the construction of a rare earth and non-ferrous metal testing laboratory in Heyuan, making it a professional rare earth and non-ferrous metal testing platform in Heyuan and even southern China. If the relevant project is put into operation as planned, the estimated investment amount is 30 million yuan.

4. Guangzhou Ximai Information Technology Co., Ltd.: The company plans to invest in the construction of an information platform and trading platform for rare earth related industries, a cloud computing technology service support platform, and professional cloud computing services in Heyuan, with an estimated investment amount of 160 million yuan.

5. Jiangxi Ganzhou Sanyou Rare Earth New Materials Co., Ltd.: The company plans to invest in a production project with an annual output of 3000 tons of rare earth metals and their alloys, with an estimated investment amount of 200 million yuan.

6. Jiaxin Nano Materials Co., Ltd. in Baotou City, Inner Mongolia Autonomous Region: The company plans to develop, produce, and apply high-performance rare earth polishing powder, fine nano and ultrafine materials in Heyuan, with an estimated investment of 150 million yuan.

7. Yifei Magnetic New Materials Co., Ltd. in Baotou City, Inner Mongolia Autonomous Region: The company plans to invest in the research and development, production, and sales of hydrogen storage materials in Heyuan, with an estimated investment amount of 100 million yuan.