Core Points - The newly revised Mineral Resources Law, effective from July 1, marks the first major overhaul in 29 years, aiming to regulate mineral resource management and promote green, high-quality development in the mining industry [1] - The law addresses urgent issues in mining management, including specific provisions for mining land, the establishment of a "fast track" for exploration and mining rights, and a compensation system for the recovery of mining rights [2][3] Group 1 - The new law provides specific regulations for mining land, allowing temporary land use for exploration that aligns with exploration rights, and enabling the legal acquisition of land for strategic mineral resource extraction [1] - A "fast track" system for exploration and mining rights is established, allowing exploration rights holders to convert their rights to mining rights more efficiently, particularly for oil and gas resources [2] - The law introduces a compensation system for the recovery of mining rights, ensuring fair compensation for rights holders when their rights are reclaimed for public interest [2] Group 2 - The law mandates competitive methods such as bidding, auctioning, and listing for the transfer of mining rights, emphasizing the role of the market in resource allocation [2] - It eliminates the previous dual-purpose certificate system, establishing a property registration system for exploration and mining rights in line with civil law [2] - A new chapter on "mining area ecological restoration" is added, requiring mining rights holders to fulfill ecological restoration obligations if mining activities cause ecological damage [3]

Core Points - The newly revised Mineral Resources Law officially took effect on July 1, emphasizing the importance of regulating mineral resource management and promoting green and high-quality development in the mining industry [1] - The law establishes a special protection system for strategic mineral resources, which are crucial for national economic security, defense security, and the development of strategic emerging industries [1] Group 1: Market Regulation and Resource Management - The new law emphasizes a dual focus on resource development and environmental protection, highlighting the market-oriented allocation of resources [3] - It introduces a competitive bidding and auction system for exploration and mining rights, reinforcing the principle that the market plays a decisive role in resource allocation [3] Group 2: Direct Transition from Exploration to Mining - The law addresses concerns of exploration rights holders regarding the conversion of exploration rights to mining rights by establishing a "direct access" system [5] - This system allows exploration rights holders to directly obtain mining rights upon discovering mineral resources, removing legal obstacles for conversion [7] Group 3: Specific Regulations for Fluid Minerals - The law introduces a "combined exploration and mining" system specifically for fluid minerals like oil and natural gas, allowing exploration rights holders to commence mining upon discovery, provided they complete the necessary procedures within a specified timeframe [9] Group 4: Ecological Restoration and Management - The new law mandates strict management of ecological restoration processes in mining areas, shifting from end-of-pipe treatment to proactive source protection [10] - It encourages mining rights holders to transition from passive remediation to active prevention and comprehensive system management [10] Group 5: Investment and Exploration Growth - Since 2024, over 80 policy documents have been issued to encourage and support mining rights holders in increasing reserves and production, leading to significant breakthroughs in exploration [12] - During the 14th Five-Year Plan period, investment in mineral exploration has seen rapid growth, with total funding exceeding 400 billion yuan, of which over 90% comes from social capital [14] - As of mid-2023, most mineral types have met their exploration targets ahead of schedule, achieving breakthroughs in resources needed for emerging industries [16]