Baogang Lingzhi Rare Earth Hi-tech Co., Ltd. was founded in April1994.In June 2003, the company became a partially-owned subsidiary ofChina Northern Rare Earth Group (Inner Mongolia Baogang Rare EarthHigh-tech Co., Ltd.) In March 2009, the company carried out shareholding reform and was listed at Tianjin Equity Exchange. In 2012, the company successfully passed the special examination for environmental protection of the rare earth industry conducted by the Ministry of Environmental Protection. At the end of the same year, the company became one of the first enterprises which were permitted to engage in the rare earth business by the Ministry of Industry and Information Technology.The company now has four factories which cover an area of more than 600 mu. The annual sales revenue is over 1 billion yuan. There are more than 1,000 employees, of whom 35% are technical school graduates or above, and 17% are professional technicians.The company now has a complete set of rare earth production technology of concentraterare earth chlorideextraction separationdeposit and crystallizemetalNd-Fe-B. The company also engages in rare earth separation as well as the development and production of downstream rare earth products, and is already among the best in terms of chain extraction, non-ammonia nitrogen separation production and COD treatment technologies.The company adopts the only alkaline method used in rare earthproduction in China. The company can annually produce 25,000 tons ofmixed rare earth chlorides, 25,000 tons of mixed rare earth chlorides,1,500 tons of rare earth metals, 2,000 tons of polishing powder, 700 tonsof P507 extraction agent and 1,200 tons of OPE membranes. The products.mainly include salts and oxides of La, Ce, Pr, Nd, Eu2O3, Tb2O3, Dy2O3,PrNd metal, rare earth polishing powder and P507 extraction agents.The company already met the standard of ISO9000 quality management system in 1997.