Owner of Bayan Obo mine Baotou Steel acquires five rare earth refiners with 73,500 tonnes capacity forming industry dominant China North Rare Earth Group.
It is planning to partially divest itself of its Chinese assets, placing them into a new company listed in China, and partially owned by new Chinese investors.
Somasundaram PR, Managing Director of the World Gold Council India, peels back the underlying weakness of India’s gold trade in an interview with MINING.com.