9 Moon 23 On that day, two mining indices independently compiled by our country—the Mining Industry Index and the China Mining Rights Activity Index—were launched with the assistance of... 2016 The China International Mining Conference, an international platform, has been officially released to the public for the first time. At a special forum on mineral resource development and utilization, hosted by the China Institute of Land and Resources Economics and the Reserves Division of the Ministry of Natural Resources, industry experts pointed out that both major mining indices have shown a clear and decisive upward trend, indicating that the global mining market is emerging from its trough and making a rational return to normalcy.

The two major mining indices are compiled by the China Institute of Land and Resources Economics. Specifically, the composition and calculation methodology of the China Mining Industry Index are based on the institute’s long-term monitoring and analysis of the mining economic situation. As for the China Mining Rights Activity Index, its composition and calculation methodology stem from the institute’s analysis and observation of the Chinese mining rights market, as well as data accumulated over an extended period. The institute’s research indicates that the Mining Rights Activity Index is closely linked to the markets for mineral products, mining capital markets, and mineral exploration and development markets. The results show that, since the beginning of this year, both the China Mining Industry Index and the China Mining Rights Activity Index have demonstrated a clear upward trend.

It is understood that using indices to assess the current status and trends of an industry is an internationally accepted practice. For a long time, Chinese mining researchers have relied on indices compiled by international companies—such as Standard & Poor's—when studying the industry’s current situation and trends. To change this situation and ensure that index results better reflect the realities of China’s mining sector, the China Institute for Land and Resources Economics has, based on its extensive accumulated theoretical and applied research findings over the years, developed mining-related indices primarily using Chinese data. According to relevant sources, this achievement has received support from experts at the National Information Center, the Chinese Academy of Sciences, the Chinese Academy of Social Sciences, and the China Index Research Institute.

The release of this achievement has drawn widespread attention from the experts and scholars attending the conference. At the scene, foreign experts expressed their willingness to collaborate on joint research projects.