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Beijing has taken administrative control of rare earth mines away from local officials who are...

Beijing has taken administrative control of rare earth mines away from local officials who are suspected of colluding with organized crime groups to illegally strip mine and smuggle the metals - no wonder rare earth exports aren't falling that much.
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Comments (4)
  • bpmf
    , contributor
    Comments (68) | Send Message
     
    Beijing controls CCTV. That's about it.
    20 Jan 2011, 10:57 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    administrative control = army
    20 Jan 2011, 11:16 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (553) | Send Message
     
    Basically, the price the gangsters need to pay to the government just shot higher.
    20 Jan 2011, 11:19 AM Reply Like
  • Joe Eifrid
    , contributor
    Comments (342) | Send Message
     
    I am waiting for the day I see this little blurb hit the 'market currents' page;
    "The US Government has taken administrative control of the NYSE away from local officials who are suspected of colluding with the primary dealer banks to illegally strip small investors of stock market profits and smuggle the funds into their own accounts - no wonder the markets continue to go up as we see outflows from domestic equity funds. Please pass another POMO.
    20 Jan 2011, 11:46 AM Reply Like
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