The company also engages in the hard minerals business through non-operated joint ventures and royalty arrangements in various coal, trona (natural soda ash), and industrial mineral mines.

该公司还通过从事非经营的合资企业和各种煤炭，天然碱（天然纯碱），工业矿物开采矿物质。

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It holds 35% of global reserves but supplies more than 95% of demand, of which 60% is domestic, according to Industrial Minerals Company of Australia (IMCOA), a consultancy.

ECONOMIST: Rare earths and China

Belmont Holdings, a closely held company that owns industrial minerals assets, is a useful client for its lawyers because it posted large losses amid the financial crisis stemming from investments in securities issued by big banks.

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