Fujian Province from this year 2 Moon 2 Starting from today, according to the announcement by the Provincial Department of Natural Resources and Land. “ Benchmark Mineral Prices (Trial) for 20 Mineral Types, Including Gold Mines in Fujian Province ” This serves as a reference basis for determining the transfer price of mining rights agreements or the starting bid price for auctions and public tenders. This was learned by reporters on February 26 during an interview with the Mineral Reserves Management Division of the Provincial Department of Natural Resources and Land.

　　In the past, the price for the transfer of mining rights in our province was primarily determined based on the assessment results provided by appraisal agencies and through collective deliberation. However, from the perspective of implementation, adopting the commissioned appraisal approach to determine the price of mining rights has revealed several issues: lengthy appraisal periods and significant discrepancies among appraisal results. Moreover, appraisal agencies enjoy considerable discretion in selecting appraisal methods and parameters, leading to substantial differences in appraisal results submitted by different agencies for the same mining right.

　　To accelerate reform in the mineral resources sector and the development of related institutional frameworks, ensure the quality and efficiency of administrative approvals, and fairly and openly determine the fees for mining rights, the Provincial Department of Natural Resources conducted a survey on the methods used by relevant provinces nationwide to determine mining rights fees. Based on the actual conditions of our province, we have studied and formulated the “Fujian Province Gold Mine and Other…” 20 Benchmark Mineral Prices (Trial) for Each Mineral Type, and this year... 2 Moon 2 To be announced and implemented on the day. This 20 The benchmark mineral prices for each mineral type are as follows: gold. 12 Yuan/gram (metal), silver 0.18 Yuan/gram (metal), copper 800 Yuan/ton (metal), molybdenum 3500 Yuan/ton (metal), lead and zinc 250 Yuan/ton (metal), magnetite 8 CNY/ton (raw ore), brown iron ore 4.5 Yuan/ton (raw ore), manganese 13 CNY/ton (raw ore), anthracite 8.5 CNY/ton (raw ore), fluorite 11 CNY/ton (raw ore), limestone for cement 0.75 CNY/ton (raw ore), kaolin (small-scale mine) 1.8 CNY/ton (raw ore), ceramic clay 1.8 CNY/ton (raw ore), pyrophyllite (excluding carved stone) 2 CNY/ton (raw ore), silica (vein quartz, quartzite) 2.5 CNY/ton (raw ore), stone for facing饰面用石材 23 Yuan/cubic meter (raw material), basalt for construction, diabase for construction 3 CNY per cubic meter (raw ore), construction stone materials (excluding basalt and diabase) 1 CNY/cubic meter (raw ore), geothermal energy 0.25 CNY/cubic meter, mineral water 2.3 Yuan per cubic meter.