About Mining Resources Compensation Charge

In order to develop the mining industry, strengthen the exploration, develop utilization and protection of mineral resources, and safeguarding national mineral resources on the property rights and interests, China promulgated "Regulations on Management of mineral resources compensation charge." It regulated that exploiting mineral resources in the territory of PRC and other jurisdictional waters should pay for mineral resources compensation charge in accordance with the regulation. Minerals resources compensation in accordance with the sales price of certain taxable, the formula is as follows:

The amount of mineral resources compensation charge=minerals sales * compensation payment rates * the mining recovery rate coefficient.

the mining recovery rate coefficient= The approved rate of mining recovery/ The actual recovery rate of development