B · Normal
[China Rare Earth: Subsidiary’s illegal mining case transferred for review and prosecution] On October 23, China Rare Earth (000831.SZ) announced that the company’s holding subsidiary Hunan Rare Earth received the “Notice of Case Transfer for Prosecution” and its illegal mining case was transferred to the procuratorate for review and prosecution. This matter stems from the fact that Hunan Rare Earth mined 7.17 tons of rare earth ore beyond the scope of the mining license. It had previously paid a fine of 3.9616 million yuan and completed rectifications. The company stated that the incident will not have a major adverse impact on production and operations, and production and operations are currently normal.
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