In the new mechanism of geological prospecting, an obvious feature is the inevitable separation of capital and technical labor in geological prospecting.

Because whether it is "fund connection" or "business follow-up", it mainly refers to the behavior of geological prospecting investors, and those who are specifically engaged in geological prospecting technology and labor operations are still the majority of geological exploration units.

However, at this time, the geological exploration unit was engaged in geological exploration without making any investment or bearing the risk of prospecting. As long as it completed the stipulated geological exploration tasks in accordance with the contract, it would settle the contract price according to the stipulated budget standards.

This resulted in the separation of exploration capital and exploration technology labor services with Chinese characteristics.

If this separation is not handled well, it will definitely affect the geological prospecting effect.

In particular, the operation of various geological exploration funds is worrying because it will weaken the constraints of exploration capital on exploration results.

It is this kind of restraint that can effectively avoid market risks and natural risks.

Obviously, when geological exploration funds are used to prospect for minerals, on the one hand, the management body of the fund does not bear the responsibility of maintaining or increasing the value of the invested funds. Most of its management methods are based on two lines of revenue and expenditure, and the funds spent are written off in the same year.

The income from mining rights will be included in the income of the current year, and the two will not be evaluated for efficiency.

In this case, even if there are methods for monitoring and accepting geological results, they will be difficult to produce.

What's more, the fund holder is the government, which has unlimited ability to take risks.

On the other hand, geological survey units undertaking fund projects are concerned about budget revenue.

In its view, it is good to find ore during project operation, but there is no loss if it cannot be found.

Although the project funders promised to reward the prospectors with achievement rewards, it was difficult to form a strong organized motivation.

As for the "equity and options" theory, it is simply impossible to operate in the face of geological exploration units that "wear business hats".

Which public institutions hold equity? The above situation must be paid attention to, otherwise in the long term, it will definitely affect the geological prospecting effect of our country.

In order to solve this problem, three aspects can be considered: (1) Change the direct investment of the geological exploration fund into a loan, and the debtor will invest after borrowing.

Its original purpose remains unchanged, that is, it is used to pay for the exploration costs of mineralization prospects with relatively high risk of prospecting and relatively large resource potential, as well as important mineral species needed for economic and social development.

Loans can be pledged with existing or expected geological achievements, and for relatively large investments, conditions for repayment or exemption can also be stipulated.

This kind of operation method can make the users of the fund become the real operating entities of mining rights, rather than the contractors of technical labor services.

(2) Conditionally inject geological exploration funds into restructured enterprises and require matching with own funds.

Such an enterprise should be created among the hundreds of existing geological prospecting bureaus. The conditions are: ① Have good geological prospecting performance; ② Have strong prospecting strength, including technology, management, and capital strength; ③ Have

Promote the enthusiasm of institutional and mechanism reform.

Dozens of such units should be selected across the country to form “mineral resource exploration companies.”

Only when China has such a group of companies can reform be considered in place.

It is based on geological prospecting as its main business, and does not exclude the combination of exploration and mining.

(3) Existing geological prospecting units can continue to engage in geological prospecting technical services, but they must develop in a professional direction and continuously improve their technical and management levels through market competition.

They also need to be market-oriented, adapt to a variety of user needs, expand service areas, and adapt to changing situations and changing environments.