The company was launched in 1997 and was publicly listed on the Shanghai Stock Exchangeon September 24, 1997. It controls three Sino-U.S. joint ventures by stock, two joint-stock companies, and three affiliated factories. It employs 2,037 people. The total capital stock is divided into 403.674 million shares. The total assets are 1.376 billion yuan and its net assets are 1.1 billion yuan.
Eight proprietary patents and many internationally leading applied technologies for rare-earth smelting provide strong technical support to the company and help turn new and high technologies into economic benefits. The company co-operates with research institutes in developing new rare-earth products that have huge market potential, contributing to turning resources advantages into economic benefits. It was assessed by the State as a key new and high-tech company.
Owing to the ISO9002 quality management system and outstanding product quality, the company received an Inner Mongolia Quality Management Award. It also received an authorization for imports and exports from the State Economic and Trade Commission and the former Ministry of Foreign Trade and Economic Cooperation (Ministry of Commerce) in 1998. The company produces many high-quality products including two famous Inner Mongolian brands, two high-quality products, one first-grade product, one State-level keynew product and one product - using international standards and certificates.
The company owns internationally advanced production lines for rare-earth selection, wet smelting, fire smelting, and thefurther processing of rare earth products, high-tech rare products and new rare earth materials. It can manufacture 64 kinds of rare earth products with 130 specifications. Its annual mineral products account for 65% of the total national mineral products. It has the largest smelting capacity in China and exports 70% of its products to Japan, France, Korea, Austria, the Netherlands and other countries.