Investment management of mineral resources exploration and development
According to the Interim Measures for the Management of the Central Geological Exploration Fund (Working Capital) (Caijian [2006] No.342), the geological exploration fund refers to the special funds arranged by the central government in the general budget, which are mainly used for the preliminary exploration of key minerals and key metallogenic areas (belts) determined by the state, as well as the equity formed by the conversion of the price of exploration rights and mining rights. In principle, the degree of mineral resources exploration supported by geological prospecting funds is controlled to the general survey, and the degree of coal resources exploration can be controlled to the necessary detailed investigation. In principle, geological prospecting funds will no longer invest in commercial mineral resources exploration projects that can all be invested by enterprises. Unless otherwise stipulated by the state, the exploration results invested by geological prospecting funds shall be sold in the market; The exploration results of cooperative investment between geological prospecting funds and social capital or other funds can be disposed of with mining rights according to the project contract. Investors who invest in geological prospecting fund projects in a cooperative way shall share their rights and interests in proportion to their investment. For projects fully invested by geological prospecting funds, after deducting a certain percentage of the income left to exploration units from the income from the transfer of mining rights, the central and local governments will share it in proportion.