In the first three quarters, the mining rights market generally declined, but showed slight signs of recovery, with fees for the transfer of mining rights increasing year-on-year. 2016 A total of exploration rights were granted in the first three quarters of the year. 876 units, year-on-year growth 24.3% Transfer price 107.34 100 million yuan, up year-on-year 887.8% ; Mining rights are being transferred collectively. 1287 One, down year-on-year 27.9% ; Transfer price 163.95 100 million yuan, up year-on-year 126.5% 。

　　The number of mining rights awarded through bidding and auction declined year-on-year, while the number awarded via agreement increased year-on-year. The number of exploration rights awarded on a first-application basis increased significantly year-on-year. Among the exploration rights awarded, those granted on a first-application basis accounted for the majority. 520 units (including government-funded projects), an increase year-on-year 41.7% ; Auction, bidding, and listing for transfer 274 One, down year-on-year 4.9% ; Agreement-based transfer 82 This, compared to the same period last year, increased by... 64.0% Among the transferred mining rights, those transferred via exploration-to-production conversion are involved. 162 The number remained flat compared to the same period last year; land was allocated through bidding, auction, and listing. 1020 One, down year-on-year 32.4% ; Agreement-based transfer 105 One, down year-on-year 5.4% 。

　　The mineral rights transfer market remains inactive, with the number of transfers declining year-on-year. Exploration rights were transferred in total. 130 One, down year-on-year 45.9% Major mineral resources—copper, gold, lead, iron, and others—are concentrated in the western region; mining rights have been transferred collectively. 525 One, down year-on-year 9.5% primarily consisting of sand, gravel, and clay minerals.

　　The number of exploration rights canceled increased year-on-year, while the number of mining rights canceled declined year-on-year. In the first three quarters, a total of exploration rights were canceled nationwide. 1402 units, year-on-year growth 198.3% The primary mineral resources include gold, iron, copper, coal, and lead, among others. Mining rights have been completely revoked. 3547 One, down year-on-year 8.4% Among them, the number of canceled sand, gravel, and clay mineral deposits 2382 units, accounting for the total number of cancellations 67.2% Coal write-off 359 units, accounting for the total number of cancellations 10.2% 。

　　The mining rights market as a whole is experiencing a downturn, yet it is showing signs of slight recovery. There are three main reasons for this modest recovery. First, although the global economy is still recovering slowly and global consumption of mineral products remains sluggish, China’s mining market is also undergoing a period of deep adjustment. However, influenced by various policy factors and the reduction in coal production capacity—which has led to a decline in supply—coal prices in China have risen sharply in the first three quarters, as reflected by the Bohai Rim thermal coal price index. 9 Moon 7 Day for 515 Yuan / ton, compared to the beginning of the year 371 Yuan / Ton rebound 144 Yuan / Ton, increase rate 38.8% The output of non-ferrous metals and corporate profits are also showing a significant rebound; the output of ten types of non-ferrous metals... 2963 Ten thousand tons, up year-on-year 0.5% ，8270 Large-scale non-ferrous metal industrial enterprises (excluding independent gold enterprises) achieved main business revenue. 29627 100 million yuan, up year-on-year 3.0% 。

　　Second, the upstream exploration market remains sluggish, and mineral rights holders are placing greater emphasis on risk avoidance and maintaining rational investment. Among them, the number of mineral rights granted through bidding, auction, and listing has continued to decline year-on-year, while the number of mineral rights granted via agreement and exploration rights granted based on the “first-to-apply” principle has increased. A significant portion of the rise in exploration rights granted under the “first-to-apply” principle can be attributed to governments’ efforts to alleviate the downturn in the mineral rights market and boost local economies by increasing their financial investment in exploration activities.

　　Third, the agreed-upon transfer price for mining rights is relatively high. The amount of the agreed-upon transfer price for coal mines in the Santanghu Mining Area of the Xinjiang Uygur Autonomous Region is approximately... 100 hundred million yuan) and the agreed-upon transfer price for construction stone materials (tuff) in Zhejiang Province (approximately 120 Due to the impact of hundreds of millions of yuan, the revenue from the transfer of mining rights in China increased significantly in the first three quarters.

　　Assessment and Recommendations on the Future Outlook of the Mining Market:

　　First, the demand side is unlikely to see any significant improvement. Currently, nearly all the momentum driving global nonferrous metal demand comes from China; emerging economies such as India and Southeast Asia have yet to fully assert themselves. Meanwhile, China has been steadily phasing out excess capacity in industries like coal and iron. As of... 8 By the end of the month, the nation had completed its annual coal capacity reduction target. 60% has cumulatively phased out production capacity 1.5 Hundred million tons. It can be anticipated that China’s mining market will remain in a phase of adjustment for a relatively long period in the future.

　　Second, in response to the sluggish state of China’s mining market, our ministry is also actively taking measures. In line with the State Council’s requirements for streamlining administration and delegating power, we have begun to devolve authority over the approval of mining rights. Delegating this approval authority will help reduce the administrative costs for relevant parties. At the same time, our ministry is actively conducting research into reforms of the mining rights transfer system, emphasizing the decisive role of market-based allocation. In the future, the mining rights market will see more comprehensive competitive bidding, more refined paid-use mechanisms, more rational division of responsibilities, and more effective regulatory services.

　　Third, to ensure the security of our country’s mineral resources, we should safeguard reasonably and effectively maintained production capacity during the process of advancing supply-side structural reform. At the same time, to further promote the development of China’s mining market, we should gradually establish comprehensive macroeconomic, economic, and industrial policies for the mining sector, based on data from mining rights management.