Interesting Article from 6/2012 regarding Baotou Honbo
The Minister of Economy and Antimonopoly Policy of the Kyrgyz Republic Sariev at a meeting with the chairman of digging "Hongbo" (PRC) with Mr. Liu Zhiangangom discussed investment in the mining sector and cooperation.
Noting the positive results of the talks on enhancing cooperation between China and the Kyrgyz Minister T. Sariev informed about the investment attractiveness, the principles of law of the Kyrgyz Republic "On Subsoil". Our state and am interested intends to establish transparent procedures for issuing licenses for the exploration and development of the state assumes the protection of investors.
In turn, Mr. Liu Zhiangang (Liu Jiangang) - Chairman of the Board of Hongbo told in detail about their company. Company Hongbo tehnolozhi LTD was established in 2008 in Baotou (China) and was located in the area of ??high-tech research of rare earth metals, the authorized capital of the company is 600 million yuan. In 2010, the company received the right to sell the RE production, both within the country and abroad.
Also, the company is engaged in scientific research and development of high-tech products of REE and is working on the development of mineral resources in the country and abroad. In particular, have made progress in the study and development of new rare-earth materials category «greentop» sulphide cerium, lanthanum sulfide with an annual production of 500 tons, the products have passed EU environmental standards. The company is currently working on a new high-tech products of rare earth elements for magnetic refrigeration materials. In addition, studies the minerals in Kyrgyzstan, North Korea and Belarus. Have a stake in the company, "Gansu Ltd." engaged in the study and production of new rare-earth materials, with an annual production of 1,000 tons of high-quality liquid-crystalline materials.
Mr. Liu Zhiangang expressed interest in cooperation, noting that the implementation of possible projects to obtain licenses to mine Kutesa-2. In 2008-2009, the company bought a 60% stake and has developed a feasibility study. However, the license is given to a Canadian company "Stans Energy", which intends to sell the shares on the stock exchange. The Chinese company, in turn, would like to enter into the company as an investor.
Currently on the issue are judicial proceedings and will be considered after the court decision. The minister said T. Sariev, the state will protect investors, if good faith cooperation. Kyrgyzstan is open for investment projects, and expressed readiness to assist in the implementation of projects between the parties.
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