The Core Value and Challenges of Mining Assessment

As a mining rights appraiser with 25 years of experience, Mr. Wang Ji profoundly explained the essence of mineral resource valuation—providing an impartial value benchmark for mining rights transactions. As “earth’s code” and “time’s legacy,” mineral deposits face inherent uncertainties in their assessment. The ore bodies are hidden underground, reserves are unevenly distributed, and the economic viability of extraction is subject to significant variables. Assessors must rely on geological exploration and technical reports to penetrate through layers of informational ambiguity, balancing “accuracy” with “impartiality” through professional judgment, and transforming abstract resources into tradable market rights.

The Battle to Uphold Professional Integrity in the Face of Conflict of Interest

The evaluation process is inherently prone to conflicts of interest. The party transferring the asset tends to overvalue it in order to maximize their own gains, while market participants, on the other hand, hope for lower valuations to reduce costs. Wang Ji frankly admitted that industry standards still require time to mature—and the key lies in whether individuals can uphold their professional ethical底线. Such steadfastness is extremely difficult: refusing inappropriate requests from clients could lead to being “excluded” from the market, and even a single evaluation error could utterly destroy an institution’s credibility. To address this challenge, he proposed the concept of “reasonable compromise”—seeking a balance between the psychological price points of both parties within a professional range. This approach is neither unprincipled concession nor rigid adherence to one’s stance; rather, it represents an inevitable path in the multi-party game of a market economy.

Industry’s Future Confidence and Evolutionary Direction

Faced with challenges, Wang Ji’s confidence stems from the rigid demand for third-party assessments driven by the market economy—“As long as the market exists, assessments will remain.” He proposes a dual-path approach to industry evolution: institutional support, leveraging new regulations such as the revised “Mineral Resources Law” to solidify practical experience and build a more robust order; and technological empowerment, where AI will take over mid- and low-end assessments, yet high-end, complex judgments will still require human oversight. Technology should help assessments move “closer to the essence of the matter.” He called on more professionals in the same industry to safeguard this “path of craftsmanship” with professional reverence, ensuring that value assessment becomes precise and fair amid the tide of reform. 。

Wang Ji’s 25-year commitment has shed light on the tension within the valuation industry between technological rationality and the interplay of interests. Its role as a “guardian of the bottom line” is both the cornerstone of the market economy and one that can only achieve lasting success through the joint refinement of institutions and technology.

After nearly 50 years of reform and opening up, our goal has remained unchanged: to evaluate this value more fairly and accurately. However, this process is certainly not something that can be accomplished overnight—it requires a journey from ambiguity toward gradual clarity, much like Zhejiang... Jiang Zhiyuan Asset Appraisal Co., Ltd. More companies also need to get involved, using a professional ethical baseline to safeguard this process—making it increasingly precise and increasingly fair.

/Exhibiting Unit

Zhejiang CNGEO Appraisal & Consultation Co., Ltd.

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