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Beijing’s move to sharpen penalties for unauthorised rare earth production sent shares of major producers higher, as investors assessed a tougher enforcement regime that could curb illegal supply and reinforce China’s control over a sector central to clean energy, defence and advanced manufacturing.

China’s Ministry of Industry and Information Technology has opened public consultation on detailed penalty benchmarks under the Rare Earth Management Regulations, setting out how authorities should punish breaches involving mining, smelting, separation, product circulation and data reporting. The draft rules target companies and individuals that exceed state production quotas, operate without approval, process illicit raw materials, falsify traceability data or obstruct inspections.

The consultation runs until 28 May, adding another layer to a regulatory structure that took effect on 1 October 2024. The framework places rare earth mining, smelting and separation under a “total control” system, giving Beijing formal authority to set production limits and police flows across the supply chain. The new penalty table is designed to narrow discretion in enforcement by grading violations according to value, volume, frequency and consequences.

Rare earth-linked equities climbed in Shanghai and Shenzhen after the announcement. China Northern Rare Earth, China Rare Earth Resources and Technology, Huahong Technology and other names tied to mining, processing and permanent magnets moved sharply higher during Wednesday trading. The rare earth permanent magnet segment also advanced, helped by firmer prices for praseodymium-neodymium products and stronger first-quarter earnings from leading producers.

Investors read the draft as a supply-side signal. Stricter penalties could reduce unapproved output that has historically weighed on pricing during periods of weak demand. For larger quota-holding groups, tighter enforcement may support margins by giving compliant producers a stronger position in pricing and procurement. China Northern Rare Earth reported a first-quarter net profit of about 918 million yuan, more than double the level a year earlier, helped by higher average prices for core rare earth products. China Rare Earth Resources and Technology also posted a sharp rise in quarterly profit as prices for selected products improved.

The proposed penalties are substantial. Unauthorised smelting and separation, misuse of rare earth mineral products by recycling or comprehensive utilisation companies, and trading in illegal rare earth products can lead to confiscation of products, unlawful income and related equipment. Fines may reach five to 10 times unlawful gains, while cases with no gain or gains below defined thresholds can still attract penalties running into millions of yuan. Serious breaches can result in business licence revocation.

Traceability is a central element of the enforcement push. Companies that fail to record, upload or maintain data on product flows face fines and possible suspension if they refuse to rectify violations. The system is intended to make it harder for illegal ore, semi-processed products or recycled materials to enter formal supply chains undetected. It also strengthens the state’s ability to align domestic output with industrial policy, export controls and strategic stockpiling objectives.

Rare earths comprise 17 elements used in permanent magnets, electric vehicles, wind turbines, smartphones, robotics, missile guidance systems, radar, drones and precision equipment. China accounts for roughly 70 per cent of global rare earth mining and an even larger share of processing, refining and magnet manufacturing. That position gives Beijing significant influence over a supply chain that remains difficult and costly for other economies to replicate.

The policy shift comes against a backdrop of heightened competition over critical minerals. Export controls introduced in 2025 placed rare earth materials and related technologies at the centre of trade negotiations and industrial security planning. Licensing delays and tighter availability of high-performance magnets have already affected downstream manufacturers, particularly in automotive, electronics and defence-linked industries.

Western governments and companies are trying to build alternative supply chains, but progress remains uneven. Mining projects in the United States, Brazil, Australia, Greenland and parts of Africa have attracted capital, while magnet-making and separation capacity outside China remains limited. Processing is the central bottleneck, requiring specialised technology, environmental safeguards and long approval timelines. New ventures can take years to move from exploration to commercial output, leaving buyers exposed to Chinese policy decisions.

Environmental enforcement is also part of the equation. Illegal mining and poorly controlled processing have caused soil, water and radioactive waste concerns in several producing regions. Tougher penalties can be framed not only as an industrial strategy but also as an attempt to reduce pollution, consolidate smaller operators and push production towards state-backed or better-capitalised firms.

Recognised as one of the region’s most authoritative dining guides, SCMP’s 100 Top Tables honours restaurants that excel in cuisine, service, and overall dining experience. The inclusion of multiple Galaxy Macau restaurants across Chinese, Italian and Japanese traditions reflects the award-winning luxury resort’s ability to unite worldclass talent, refined craftsmanship and impeccable hospitality within a single destination. Together, these acclaimed establishments form a sophisticated and diverse dining portfolio that underscores Galaxy Macau’s position at the forefront of Asia’s culinary landscape.

Feng Wei Ju

At StarWorld Hotel, Feng Wei Ju has carved out a niche as the premier destination for Hunan and Sichuan cuisine in the region, imparting an unforgettable taste experience on every guest with its nuanced approach to pristine ingredients and flavours. Master Chef Chan Chek Keong, Assistance Vice President of Food & Beverage Culinary of StarWorld Hotel and Executive Chef of Feng Wei Ju, boasts a deep understanding of regional Chinese culinary traditions, crafting dishes that are as bold and nuanced, as they are delicate. The restaurant’s multi-sensory approach to dining has earned it a loyal following and a quiet yet resounding endorsement of its excellence spanning over a decade as one of Macau’s most coveted dining destinations.

8½ Otto e Mezzo BOMBANA

At Galaxy Macau, 8½ Otto e Mezzo BOMBANA continues to set the standard for Italian fine dining with flawless execution in every detail. Under the leadership of Executive Chef Marino D’Antonio, the restaurant has entered a new chapter. Chef Marino, whose career spans Michelin-starred kitchens, brings a passion for quality and a deep respect for tradition to his craft. His dishes are an ode to Italian food, each one a celebration of regional flavours and produce elevated with ultimate craft.

Lai Heen

Perched on the 51st floor of The Ritz-Carlton, Macau, Lai Heen offers exquisite Cantonese cuisine against a glittering panorama of the Galaxy Resort and Macau beyond. Chinese Executive Chef Jackie Ho Hon Sing, the creative force behind the restaurant, projects his vision and skill into every dish, reimagined with a modern sensibility. Combining traditional Cantonese flavours with Ritz-Carlton’s legendary service, Lai Heen delivers an unparalleled dining experience.

Sushi Kissho by Miyakawa

Sushi Kissho by Miyakawa at Raffles at Galaxy Macau, the first international establishment by Chef Masaaki Miyakawa—one of Japan’s six Michelin three-star sushi masters—has found its home at Raffles at Galaxy Macau. The restaurant celebrates Chef Miyakawa’s interpretation of the art of Edomae sushi, a tradition that celebrates the purity of nature and the time-honoured artistry of the chef. Here, the finest seasonal ingredients, from Japan’s leading growers and generational fisherman, are transformed into delicate bites that speak to the sea, the soil, and the seasons. With only 10 seats at the sushi counter, Sushi Kissho by Miyakawa is an intimate space where every detail is a considered ode to seasonality, experience, and restraint.

Teppanyaki Shou

Since opening its doors in 2024, Teppanyaki Shou at Raffles at Galaxy Macau has earned its reputation as a study in precision and passion, redefining the teppanyaki experience under the guidance of Japanese maestros. The restaurant’s name speaks to its mission: to carry forward the traditions that encapsulate the essence of authentic Japanese food culture. Under the guidance of master chefs, the teppanyaki grill becomes a stage, where the finest ingredients sourced daily from Japan and beyond – air-freighted daily to Macau – ensuring that every dish is a masterpiece of freshness and can be transformed into a symphony of flavour. The chefs, with their deft hands and keen intuition, tailor each dish to the diner’s preferences, creating an omakase experience that is as personal as it is unforgettable.

As a world-class luxury integrated resort, Galaxy Macau continues to shape Macau’s gastronomic landscape through excellence, innovation and a steadfast dedication to quality. This latest authoritative recognition by SCMP‘s 100 Top Tables further reinforces Galaxy’s role as Asia’s leading culinary hub; contributing to Macau’s global reputation as a UNESCO Creative City of Gastronomy.

For more information about Galaxy Macau, please visit www.galaxymacau.com.

Hashtag: #GalaxyMacau

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ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel, Hotel Okura Macau, JW Marriott at Galaxy Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different calibre of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com,www.broadwaymacau.com.mo and www.galaxyicc.com.

By K Raveendran Oil’s refusal to break decisively towards $100 a barrel, despite a tense geopolitical backdrop and repeated threats tied to the Strait of Hormuz, says something important about how markets are reading the balance between rhetoric and reality. At one level, the price action looks counterintuitive. A blockade or even a serious disruption […]

The article Oil Refusal To Hit $100 Reveals Confidence Against Supply Disruption appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

This scene is not from a typical ecological farm’s spring planting but represents a significant transformation taking place within a traditional coal enterprise.

Minda Coal Mine is the largest open-pit mine in Dongsheng District, producing up to 8 million tons of coal annually. Just a few hundred meters away, mining operations continue as usual; meanwhile, on the other side, 300 greenhouses flourish all year round, and the livestock area produces 6,000 pigs, 2,000 heads of cattle, 4,000 sheep, and 10,000 chickens annually.

This transformation began in 2018. Initially, the goal was simple: to provide mine workers with safe, locally produced vegetables and meat. Seven years later, this integrated “planting and breeding circular chain” has achieved tangible economic results. In 2025, the agricultural output value reached 12 million yuan, benefiting 150 farming households in Tongchuan Town, with each household seeing an average annual income increase of 30,000 yuan. The ecological supermarket in Toudao Lane, Dongsheng District, which opened just five months ago, now serves approximately 300 customers daily, with daily sales exceeding 10,000 yuan.

The challenges here extend beyond deciding what to plant.

Situated on the Ordos Plateau, Minda Coal Mine experiences less than 400 millimeters of annual rainfall, with drought occurring nine years out of ten. The reclamation area initially consisted largely of stripped rock and soil, with organic matter content as low as 0.2%. To address this, the mine invested 150 million yuan to construct 11 water storage ponds that collect rainwater from slopes, roads, and rooftops, creating a “rainwater bank” with a total capacity of 5,000 cubic meters, achieving 100% utilization of collected rainwater. Soil quality was enhanced through screening, backfilling, and the application of biological fertilizers, increasing the organic matter content across 14,000 mu of reclaimed land from 0.2% to 1.5%.

“Coal will eventually run out, but the land must be preserved for future generations.” A statement from the head of Minda Coal Mine highlights a long-term challenge faced by resource-dependent regions.

Currently, Dongsheng District has achieved an 87% green mine certification rate, completed reclamation greening of 820 hectares, and manages 1,525 hectares of goaf areas. New industries such as sea buckthorn cultivation, photovoltaics, agriculture, and animal husbandry have been established in the reclamation area. Where coal mining once accounted for 90% of income, ecological agriculture now contributes 18%, with projections of an increase to 35% by 2027. Plans are underway for slaughterhouses, food processing plants, feed factories, fertilizer plants, and breeding bases.

From coal mining to farming, from the “rainwater bank” to supermarket shelves, the spring of 2026 at Minda Coal Mine offers a promising answer to a common question in China’s resource-based regions: after underground resources are depleted, how can above-ground advantages be sustainably leveraged?
Hashtag: #DongshengDistrictIntegratedMediaCenter

The issuer is solely responsible for the content of this announcement.