China cuts rare earths mining permits by further 41%

By Albert Li IM analyst, Shanghai, Laura Syrett
Published: Friday, 14 September 2012

Industry consolidates further with higher export quotas and fewer mining permits

China’s Ministry of Land and Resources has reduced the number of licences available for domestic rare earthsmining by over 40% from 113 to 67, Bloomberg reported.

The Ministry announced the cuts in a statement yesterday, stating that the 67 mining licences would be supplemented by 10 exploration...

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