Company results: China Minmetals Rare Earth moves into profit in 2016
Published: Thursday, 08 June 2017
Increase in profits; Turnover down on low prices; RNM reports profit
China Minmetals Rare Earth Company, one of the biggest rare
earth companies in China, moved into a profit in 2016, of
Chinese renminbi (Rmb) 18.59m, from a loss in 2015.
The return to profit was mostly attributed to the
company’s acquisition of Beijing Huatai Xintuo
Geological Survey Technology Co.,...