“三原则”应对造假行为，矿产资源储量报告新规出台

Core Viewpoint - The authenticity of mineral resource reserve reports is crucial for maintaining order in resource development and ensuring market fairness [2][9]. Group 1: New Regulations - The China Mining Rights Appraisal Association has introduced the "Solid Mineral Resource Reserve Reporting Rules (2025)" to address issues of false or misleading mineral resource reserve reports [2][5]. - The rules emphasize three principles: transparency, substance, and competence, applicable to capital and securities markets [2][6]. - Transparency requires that reports provide sufficient information to investors and their advisors, ensuring clarity and preventing misunderstandings [2][6]. - Substance mandates that reports include all relevant information that investors reasonably expect to make informed judgments about exploration results and resource estimates [2][6]. - Competence stipulates that reports must be based on work conducted by qualified professionals, ensuring the integrity of the information presented [2][6]. Group 2: Industry Challenges - The mining rights evaluation process has faced challenges, including instances of false reporting and misrepresentation of resource reserves, which can lead to significant financial losses for mining rights holders [3][6]. - Issues such as inadequate professional standards, lack of accountability, and intentional misreporting have been identified as contributing factors to the problem [6][7]. - Specific cases, such as the Qinghai Province copper-arsenic mine report, illustrate the consequences of inaccurate data, including inflated resource estimates and misrepresentation of mining conditions [6][7]. Group 3: Importance of Accurate Reporting - Accurate mineral resource reserve reporting is essential for determining the value of mining rights and ensuring fair market transactions [3][9]. - Misrepresentation of reserves can lead to discrepancies between the actual value and the market price, affecting both primary and secondary market transactions [9]. - The government has recognized the importance of mining rights evaluation, implementing measures to enhance the quality and reliability of reserve assessments [8][9].