The Demand For Mineral Resources Development Funds Is Huge &Nbsp, And It Is Urgent To Broaden The Financing Channels.

In November 17th, many senior mining professionals expressed their views in an interview with the finance and economics reporter.

Wang Jionghui, general manager of Mineral Resources Department of Minmetals Group, said that domestic enterprises mostly invest their own funds in mineral resources exploration and development. Due to the large amount of capital needed, enterprises often delay exploration and development opportunities due to the consideration of capital chain or cash flow.

"Private capital wants to enter, but the funds are limited, and the right of exploration and development is basically in the hands of state-owned enterprises."

Zhang Xinan, a researcher with the information center of the Ministry of land and resources, analyzed the reporter of "finance and economics".

At present, the state has a foreign mineral resources risk development fund, about about 3000000000 Yuan, which is mainly used for overseas green space exploration, but most of them are to the state-owned geological exploration units.

Luo Zhongwei, a Research Institute of the Institute of industrial economics of the Chinese Academy of Sciences, said that the phenomenon that domestic enterprises "occupy and do not explore" or "do not exploit" phenomenon is very prominent, causing the exploration and development of mineral resources seriously lagging behind the developed countries.

Luo Zhongwei suggested that a mining risk exploration investment mechanism should be established to coordinate the relationship among venture capitals, geological exploration experts, investors and operators so as to realize benefits sharing and risk sharing so as to effectively achieve social capital entering the mineral resources exploration market.

The Bureau of investigation, Wang Min, at the 2010 International Mining Conference, said that during the "12th Five-Year" period, we should implement the new geological prospecting mechanism of "public interest first, fund convergence, commercial follow-up, integrated exploration and rapid breakthrough". We should start with the geological and mineral guarantee projects, highlight the shortage of state and large pillar mineral resources, select 45 exploration areas in the 19 metallogenic zones of China, strengthen basic geological work through national financial funds, guide social capital to increase investment, build a system platform to mobilize all parties' enthusiasm, encourage social investment, and ensure the realization of the "358" target of geological prospecting, strive for significant progress in 3 years, make significant breakthroughs in 5 years, and reconstruct the geological and mineral exploration and development pattern in 8 years, and comprehensively enhance the ability of resource support. November 16th, Vice Minister of land and resources, geology of China

"More importantly, we should reduce the entry threshold for exploration, allow all kinds of social capital to enter, and encourage small and medium-sized exploration company to go to gem financing."

Luo Zhongwei told the financial reporter that we should constantly weaken the examination and approval function of the government, promote the construction of a unified national mining access market, and establish an evaluation system for China's risk exploration market, which is effectively linked to the global mining capital market.