In the next 3 to 5 years, the global economy will be in a relatively slow development state.

The demand for mineral resources in developed countries is weak, and the peak of resource consumption in other emerging economies has not yet arrived.

Mining development costs have increased across the board, and mineral product price increases have been limited or flat, causing global mining profit margins to decline. Coupled with labor shortages, increased tax burdens, and strengthened government supervision, this will be an important step for my country to face the world and fully participate in the allocation of global mineral resources. opportunity.

The first is mutual benefit and win-win, and changing the concept of predatory resource development.

Strengthen intergovernmental dialogue with resource investment demand countries, actively promote the signing of bilateral mining investment protection agreements, and protect and consolidate my country’s rights and interests in foreign investment in the resource field within the framework of government agreements.

Closely integrate resource development with the economic development of resource-rich countries to achieve a win-win or even multiple wins; at the same time, plan a layout to unite emerging countries to break the current international mineral resource pattern monopolized by developed countries and build a partnership between developed and developing countries.

A new pattern of common leadership.

The second is to adopt flexible and diverse ways of “going out”.

Track important international mining projects and important mining companies, put the economy first, use government financial resources as a means, and participate in overseas mining development through national loans, economic assistance, overseas geological exploration funds, etc.

With enterprises as the main body, through the combination of state-owned enterprises and private enterprises, private enterprises will come forward to carry out asset reorganization and equity conversion, which can effectively reduce risks.

On the premise of ensuring my country's resource rights and interests, both full control and equity participation are worth exploring.

The third is to do a good job in the top-level design of the national strategy and appropriately relax policy restrictions.

The top-level design of the country's "going out" strategy should be done well, and resource allocation should be combined with foreign aid and industrial transfer.

First of all, the method of "geological survey foreign aid" should be adopted as the first step for Chinese enterprises to participate in international resource allocation.

Secondly, it is necessary to encourage geological exploration units to discover resources and attract some smelting, rolling and other enterprises that mainly consume mineral resources to invest and build factories in the countries where the resources are located.

The fourth is to align with international mining standards and choose opportunities to conduct overseas mergers and acquisitions.

Inconsistency with international mining standards affects the pace of Chinese enterprises’ “going out”.

On the one hand, our country's geological exploration units need to comply with internationally unified economic and technical evaluation standards and engineering design standards when "going global" to conduct mineral exploration; on the other hand, after overseas mergers and acquisitions, foreign assets need to be integrated.

If standards are inconsistent, it will affect communication between decision-makers and management.

This requires us to speed up the formulation of international mining standards, seize the rare "window" period, and acquire or merge high-quality overseas mineral resources.

Column 17 Building a global governance mechanism for bulk energy resources Fossil energy sources such as oil, natural gas, and coal, as well as bulk mineral resources such as iron ore and nonferrous metals, are important material foundations for the development of human society.

From a global perspective, existing energy resource reserves can meet the medium and long-term development needs of the world economy.

Currently, most commodity transactions in the world are determined by certain leading international futures market prices, that is, commodity spot prices mainly refer to authoritative futures market prices.

The global governance mechanism is conducive to creating a stable international political environment, conducive to maintaining world economic security and the stability of the international financial market, conducive to the continued steady and rapid development of our country's economy, conducive to emerging economies maintaining a good development momentum, and conducive to the energy development of developed countries.

Resource security is conducive to energy resource supplier countries obtaining long-term stable benefits.

The goal of building a global bulk energy resources market governance mechanism.

Under the G20 framework, the goals of building a governance mechanism for the global bulk energy resources market can be summarized as: formulating fair, reasonable, and binding international rules, and forming multilateral mechanisms for forecasting and early warning, price coordination, financial supervision, and safety emergency response in the bulk energy resources market.

Coordination mechanism to make the global energy resources market more secure, stable and sustainable.

Safety includes supply safety and the timely, sufficient and economical allocation of energy resources on a global scale; utilization safety means that there is no danger, no threat, and no accidents in all aspects of development, production, conversion, warehousing, transportation, and consumption.

Stability, including price stability, reduces risks caused by sudden rises and falls; supply and demand stability, maintaining a balance between production and consumption; policy stability, effectively coordinating national policies and related standards, and reducing uncertainty risks.

Sustainability includes the rational exploitation and efficient use of energy resources, and mutual benefit and common development among relevant participants in the entire industry chain.

The principles for building a global bulk energy resources market governance mechanism are: the principle of free competition, the principle of broad representation, the principle of mutual benefit and win-win, and the principle of operability.

The framework content of the global bulk energy resources market governance mechanism: establish an information notification mechanism, establish a price coordination mechanism, establish a financial supervision mechanism, establish a safety emergency mechanism, and establish a reasonable consumption mechanism.