How to evaluate the value of mining rights

Detailed process of mining right price evaluation

1. A copy of the business license (copy) of the mining enterprise of the evaluation client; *

2. Mining license Copy*Copy or approval document delineating the scope of the mining area and a map of the mining area based on the topographic and geological map or geological map and calibrated with rectangular coordinates;*

3. Reserve verification report, reserve review and filing Proof, *

4. Development and utilization plan/(pre)feasibility study report/preliminary design and its review opinion or approval document; *

5. Three years before the assessment base date A full set of financial statements, at least providing mineral product output and sales prices, sales revenue statistics, the cost of fixed assets and current assets and other major technical and economic indicators; *

6. Basic information about the mine (including the nature of the enterprise, The evolution of technical personnel, workforce, registered capital, historical affiliations, methods, time and changes in obtaining mining rights, purpose of mining rights evaluation and related processes, production and operation overview, etc.);

7. Mining Information on past evaluations and price disposals of rights, including previous evaluation reports, evaluation result confirmation or filing documents, and copies of mining rights price disposal documents (contracts or agreements and payment vouchers);

8. The latest mining rights Roadway engineering plan, reserve plan 9. Annual mineral product settlement sheet (main batch) or sales contract or sales invoice copy on the assessment base date;

10. Mining area transportation location map, comprehensive geological and mineral plan (Topographic and geological map marking the scope of the mining area), reserve calculation map, typical profiles of main ore bodies (exploration line profiles), development system plan diagram and mining process flow chart;

11. Geological exploration report/ The mining volume of the mine from the reserve cut-off date calculated in the reserves verification report to the assessment base date. Mineral rights assessment can be divided into three stages, namely the entrusted assessment stage, the assessment stage, and the assessment result confirmation or filing stage.

1. Entrusted evaluation stage At this stage, the leaders are the evaluation client and the evaluation agency.

1. Appraisal client and appraisal trustee. Appraisal clients can be people with different appraisal purposes, mainly including mining rights administrative agencies who plan to transfer mining rights, mining rights applicants who plan to apply for registration of mining rights, and mining rights who plan to transfer mining rights. person, the transferee who plans to transfer the mining rights, the creditor when setting up the mortgage of the mining rights, the mining rights holder who plans to carry out corporate restructuring or listing, etc. Generally speaking, anyone can entrust a mineral rights assessment, but if the assessment results are used as the basis for collecting the mineral rights price when the mineral rights are transferred, the administrative agency that transfers the mineral rights must be the assessment client; if it is necessary to apply for confirmation Or if the appraisal is for the purpose of transferring the mining rights of the mines that have been explored with state investment, the mining rights holder must be the appraisal client. In short, only the right holder (the mining rights transfer management agency and the mining right holder) has the right to dispose of the proven mineral land, so the right holder must entrust the evaluation. Relevant parties other than this have their own rights and choices to entrust the evaluation of mining rights, but the subsequent procedures will be different from the former.

2. Entrustment Procedure Entrustment and entrustment are service economic relationships and legal relationships established through a contract signed by both parties or a power of attorney issued by the principal. When the client contacts the mining rights evaluation agency for entrustment matters, it should explain the purpose of the entrusted evaluation, the objects of the entrusted evaluation, the scope, the ownership situation, the nature of the investment, etc. The evaluation agency should also explain to the client the relevant provisions of the mining rights evaluation work, ask relevant questions, remind relevant matters, etc. When both parties reach an agreement on the entrustment matter, they can sign a mining rights evaluation entrustment contract, or the entrusting party can issue a power of attorney. The mining rights evaluation entrustment contract shall comply with the general provisions of the Contract Law of the People's Republic of China. The contract of assessment shall specify the entrusted assessment object, assessment scope, assessment purpose, requirements, completion time, assessment base date, rights, obligations and commitments of both parties, legal responsibilities, etc.

2. Evaluation stage The leader of the evaluation stage is the evaluation agency. The main work at this stage is as follows:

(1) Preparation The entrusted mining rights evaluation agency should form an evaluation working group and determine a mining rights evaluator as the project leader. The professional qualifications of the evaluation working group members The composition should be appropriate to the characteristics of the object to be assessed and the assessment method.

The assessment team went to the client's location to carry out the following preparations: (1) Listen to the client's detailed introduction to the assessment object, including the registration change history of the assessment object, the history of geological work, and understand the working hours and work units at different stages. , nature of work, exploration results obtained, nature of investment, amount of investment, etc. It also includes the current exploration and mining activities around the assessment object, and the relationship with the assessment object. (2) Go to the site to investigate the situation of mining rights, understand the topography and mining activities, sample some exploration projects, and inspect mining and mineral processing facilities. (3) Investigate and collect market transactions and market prices of local mineral products. (4) Formulate evaluation ideas or technical routes and determine evaluation methods. Collect documents, information and drawings relevant to the assessment. (5) Summarize and organize information.

(2) Evaluation and estimation The evaluator should exchange opinions with the client on the first draft of the evaluation report and make necessary adjustments, modifications or additions. After finalizing, submit a formal evaluation report to the client. The necessary information provided by the client includes: Transfer evaluation: the area and geographical coordinates of the exploration area or a letter of opinion on delineating the scope of the mining area; Transfer evaluation: exploration license, or mining license, and certification documents that can explain the nature of the exploration investment; various stages Geological reports and drawings; Relevant documents proving the resources/reserves within the scope of the exploration license or mining license; Reserve change reports for registration, statistics and reporting by mining enterprises. The main information collected by the assessment agency includes: Mineral resource development and utilization plan or (pre-)feasibility study report or preliminary design and relevant approval documents; Mineral processing process and product plan; Mine mining recovery rate, ore dilution rate, mineral processing recovery rate, Statistical reports on actual indicators such as concentrate yield; statistical reports on recovery of associated and raw ore, etc.

3. Assessment results confirmation or filing stage According to the three regulations of the State Council on the management of mining rights and the provisions of relevant documents of the State Council, for the mining rights formed by state-funded exploration, whether it is a transfer assessment or a transfer assessment, the other All assessment results must be confirmed or filed with the geology and mineral resources department of the State Council. Therefore, the evaluation result confirmation and filing stage only corresponds to the bankruptcy rights formed by state-funded exploration; it is a necessary procedure, and it is an evaluation by the obligee as the principal. In addition, according to the "Interim Provisions on the Administration of the Assignment and Transfer of Mining Rights" issued by the Ministry of Land and Resources, when transferring mining rights in mineral areas, the mining rights management agency needs to evaluate and confirm or record the evaluation results regardless of the nature of the original investment.

(1) Confirmation of Mining Rights The three regulations of the State Council on the management of mining rights have clearly authorized the geological and mineral administrative department of the State Council to confirm the evaluation results of mining rights formed with state investment, that is, the Ministry of Land and Resources is the evaluation result Confirm the authority. The confirmation of mining rights evaluation results can be divided into two forms: direct confirmation by the Ministry of Land and Resources and entrusted confirmation. The Ministry of Land and Resources confirms that: the Ministry of Land and Resources issues mining rights certificates, mining rights stocks are listed, and large and medium-sized production scales are transferred in the form of bidding. Entrusted confirmation: Other mining rights assessment and confirmation work other than ministry confirmation is entrusted to the mining rights management agencies of each province, autonomous region, and municipality directly under the Central Government. After confirmation, the mining rights management agencies of each province, autonomous region, and municipality will fill in a responsibility letter together with the evaluation report and submit it to the Ministry of Land and Resources. The Ministry of Land and Resources uniformly numbers and stamps the mining rights assessment confirmation and issues the confirmation.

(2) Exploration rights recordation According to the three regulations of the State Council on the management of mining rights and the provisions of relevant documents of the State Council, for the mining rights formed by state-funded exploration, whether it is a transfer evaluation or a transfer evaluation, the evaluation results All must be filed with the geology and mineral resources department of the State Council.

1. Filing by the Ministry of Land and Resources The filing of the exploration rights evaluation report is carried out according to the acceptance-filing-archiving procedure.

1) The staff responsible for the filing of the exploration rights evaluation report shall accept the requirements for the format of the mining rights evaluation report in accordance with Article 14 of the "Interim Measures for the Management of Exploration and Mining Rights Evaluation" and the "Mining Rights Evaluation Guide" Check. Specific verification contents include: (1) Verify whether the assessment report is within the scope of filing. The evaluation report on the transfer of exploration rights within the scope of filing must be: The evaluation is entrusted by the exploration rights transfer authority (the valid supporting document is the evaluation entrustment letter from the transfer authority or the evaluation entrustment contract between both parties); The evaluation object is the announced state-funded exploration and Mineral lands formed (according to the announcement of the Ministry of Land and Resources on mineral lands formed through state-funded exploration).

The nature of the exploration funds is funded by the national finance (geological exploration fees, resource compensation fees, special funds). (The valid certification document is the exploration project task statement. For exploration rights newly registered after the issuance of Order No. 240 of the State Council in 1998, regardless of whether the price of the exploration rights was collected when the transfer was made, it depends on the nature of the exploration funds after this registration to determine whether it is within the scope of filing. Within the scope, the nature of the investment for exploration work before registration will not be traced. For exploration rights obtained before February 12, 1998 and continued to the present day, the nature of the exploration funds in the entire exploration history will be considered) (2) Verification and evaluation agency. and the qualifications of the evaluator (3) Check whether the format and attachments of the evaluation report are complete and standardized. Whether the assessment object is a valid exploration right. If no problems are found during the above verification, proceed to the next procedure. Any problems discovered during the above verification will be notified to the filing applicant in writing, and the evaluation report will be returned to the filing applicant. The filing applicant will reapply for filing after resolving the problem. If the requirements are met again after verification, proceed to the next procedure.

2) Filing The staff responsible for the filing of the exploration rights evaluation report will submit the verified evaluation report together with the "Exploration Rights Evaluation Results Filing Approval Form" to the director. After review, the director will make a decision whether to approve the filing. . If the filing is approved, the "Prospecting Rights Assessment Report Filing and Acceptance Certificate" will be issued to the filing applicant. If the filing is not approved, the reasons shall be explained in writing to the filing applicant and the evaluation report and relevant documents shall be returned.

3) Archiving Register and archive the evaluation report approved for filing for future reference.

2. Evaluation of exploration rights other than those registered with the geological and mineral departments of various provinces, autonomous regions, and municipalities directly under the Central Government.