Prospecting and Mining Rights on deepening reform of the system of payment made on the issue of notice

The State Council ministries concerned, the relevant organs and provinces and autonomous regions the central management enterprises:

In order to promote the reform of compensation for the use of mineral resources and mineral resources gradually straighten out the price formation on deepening prospecting and mining rights obtained compensation issues related to reform of the system, the notice as follows:

1, Prospecting and mining rights paid the full implementation of the system.

2. In prospecting and mining rights shall be in accordance with relevant state regulations timely payment to the State for prospecting and mining price. Prospecting and mining rights are no longer price increase state capital or in the form of payment and converted into shares.

3,Before publication of the notice prospecting and mining rights person are free possession of the country's proven mineral prospecting and mining rights obtained free of charge, by land and resources management department of the clean-up after the prospecting and mining rights assessment.

4, To fund one-time payment of the purchase price are really hard pressed, the prospecting and mining rights management approval and registration organs for approval, in prospecting and mining rights within the validity period of payment of installments

5 Prospecting and mining rights to the approved price paid converted into shares of the way and the price represents the ratio of net assets of enterprises calculated:

6 Before the publication of this notice in prospecting and mining rights have made free local financial investors are forming mineral exploration in the prospecting and mining rights

7 The state geological exploration unit holders registered by the state formation of prospecting and mining rights, the price increase will continue to implement the policy of national capital

8 The country can not enter the market franchise ores and mining rights can not dispose of capital

People's Republic of China Ministry of Finance

Ministry of Land and Resources of People's Republic of China