On July 11, 2023, the relevant person in charge of the Ministry of Natural Resources stated that a new round of breakthrough mining strategy actions will be fully launched to stimulate the vitality of the mining market.

At the press conference, Wang Guanghua, minister of the Ministry of Natural Resources, said that in the first half of this year, the national investment in solid mineral and oil and gas mineral exploration increased by 17.2% and 7.5% year on year; There are 242 new exploration rights established nationwide, a year-on-year increase of 25.4%, and major breakthroughs have been made in mineral exploration such as the Laizhou gold mine in Shandong and the Zhaotong phosphate mine in Yunnan. Promoting the domestic exploration and development of important national energy and mineral resources, as well as increasing reserves and production, is an important task that the Ministry of Natural Resources is currently and will focus on promoting in the future.

Wang Guanghua, Minister of the Ministry of Natural Resources: First, improve the management system for the collection of mining rights transfer income, and change the collection method from one-time collection to annual collection based on sales revenue during mine production; The second is to improve the management of mineral resources exploration and mining registration, encourage the implementation of comprehensive exploration of mineral resources, invigorate the Secondary market of exploration rights, lift the limit on the number of years for the transfer of exploration rights obtained through bidding, auction and listing, allow the transfer of exploration rights, simplify the application requirements and approval links of mining rights registration, and improve the efficiency of approval.

In addition, we need to deepen the reform of mineral resource management. Allowing the transfer of mining rights to the same entity through agreements for crevasse resources, deep resources, etc; Adjust the proportion of deducted area for the continuation of exploration rights, refine the system of integrating oil and gas exploration and production, extend the retention period of exploration rights, improve the competitive transfer of mining rights, and promote the exploration and development of mineral resources. Next, the Ministry of Natural Resources will continue to optimize and improve relevant policies in conjunction with relevant departments, creating a favorable environment for various social entities to invest in mineral exploration and development.Editor/Ma Xue