NANCHANG - Eastern Ganzhou city has ordered three rare earth mines to halt production byyear-end, according to local mining authorities.
The city issued a notice telling three of its eight major rare earth producing counties to haltproduction by the end of this year, said Li Guoqing, director of the city's mining managementbureau, on Monday.
The three counties are mining areas that are allowed to be exploited, Li said.
Fiscal revenue contributed by rare earth mining in these counties has dropped below 10 millionyuan (1.56 million U.S. dollars) per year, Li said, adding that production at one of the threecounties has already been suspended.
It is unknown when production will resume, as they have to wait for directives from the provincialgovernment, Li said.
The notice also told the counties to set production quotas to rare earth mines to prevent over-exploitation.
Ganzhou, Jiangxi Province, produces nearly 40 percent of the country's ionic rare earths, whileChina produces more than 90 percent of the world's rare earth metals, which are widely used inthe manufacture of an array of sophisticated products, such as electric car batteries, windturbines and aerospace alloys; however, China's rare earth reserves only account for aboutone third of the world's total.
To control environmental damage and protect resources, China has announced variouspolicies, such as suspending the issuance of new licenses for rare earth prospecting andmining, imposing production caps and export quotas, and implementing tougher environmentalstandards.
No comments:
Post a Comment