The General Staff Office of the Central Committee of the Communist Party of China approved the four responsibilities of the Fund Management Center: first, to organize and implement the project establishment, supervision, review and acceptance, and results disposal of the Central Geological Exploration Fund investment projects; second, to supervise and manage the mining rights equity formed by state investment; third, to apply for registration with the Central Geological Exploration Fund

Mineral rights for projects wholly owned by geological exploration funds; fourth, study and implement the national mineral resources strategic reserve system.

In terms of organization and implementation of fund projects, the Central Geological Exploration Fund mainly supports preliminary exploration of key mineral species and important mineralization areas (belts). The mineral species range includes coal, coal bed methane, uranium, iron, copper, aluminum, lead, zinc, manganese

, nickel, tungsten, tin, potassium salt, gold and other key minerals, with due consideration to other important minerals urgently needed by the country, unified deployment, integrated exploration, and comprehensive evaluation.

In principle, the work level is controlled to the census.

In terms of investment methods, according to the different situations of mineral exploration projects, geological exploration funds adopt two methods: full investment and cooperative investment. For full investment projects, the fund management center applies for registration of mining rights.

In terms of operation mode, the geological exploration fund introduces market mechanisms, implements project contract management, and stipulates the rights, responsibilities and obligations of all parties through contracts.

If a fund project fails to achieve mineral prospecting results, the geological exploration fund investment will be written off in accordance with regulations.

If prospecting results are obtained, the proceeds from the results will be divided among the central government, local governments, cooperative investors and project exploration units in accordance with regulations. The central share will be mainly used to supplement geological exploration funds and achieve rolling development.

In terms of equity management of mining rights, the Fund Management Center is specifically responsible for the conversion of the price of mining rights invested by the state into equity in accordance with the provisions of the "Notice on Deepening the Reform of the System for Compensated Acquisition of Exploration and Mining Rights" issued by the Ministry of Finance and the Ministry of Land and Resources.

Supervision, management, and fulfillment of investor rights, with equity gains used to replenish geological exploration funds.

In terms of strategic reserves of mineral resources, according to the supply and demand situation of mineral resources and the long-term needs of economic and social development, we will study and implement the national strategic reserve policy of mineral resources, gradually form a reserve system of important mineral resources, enhance the country's macro-control ability of mineral resources, and ensure the supply of resources.

safety and promote sustainable development.