Core Points - The Ministry of Natural Resources has issued a notification regarding the minimum price for mining rights transfer to ensure fair and just transactions while protecting national ownership rights [1][2] - The minimum price must reflect market conditions and cannot be lower than the starting price for the transfer [1] - The notification outlines specific scenarios where a minimum price is required, including tendering, auctioning, and direct transfer of mining rights [1][2] Group 1 - The notification specifies that the minimum price for mining rights must be determined based on market principles and should be close to the fair value under competitive conditions [1] - In competitive transfers, the minimum price can be adjusted upwards or downwards for unsold mining rights [2] - The minimum price must remain confidential until the end of the transaction activities and cannot be changed [2] Group 2 - The notification allows the Ministry of Natural Resources to delegate the determination of the minimum price to provincial natural resource authorities [2] - Provincial authorities are encouraged to develop local management measures based on the notification [2] - This notification will come into effect on January 1, 2026 [3]

关于上海证券交易所 监管工作函所涉法律事项 的回复 北京德恒（济南）律师事务所 山东省济南市高新区舜泰北路 567 号银丰科技公园 2 号楼 电话：+86 531-8166 3606 传真：+86 531-8166 3607 邮编：250102 北京德恒（济南）律师事务所 关于上海证券交易所监管工作函所涉法律事项的回复 北京德恒（济南）律师事务所 关于上海证券交易所 监管工作函所涉法律事项 的回复 德恒 11F20250229-02 号 上海证券交易所上市公司管理一部： 北京德恒（济南）律师事务所（以下简称"本所"或"德恒"）接受西藏华 钰矿业股份有限公司（以下简称"华钰矿业"或"公司"或"上市公司"）的委托， 就贵所于 2025 年 7 月 23 日下发的《关于西藏华钰矿业股份有限公司对收购股权 估值调整补偿及进一步现金收购股权暨关联交易的监管工作函》（上证公函 [2025]1122 号，以下简称"监管工作函"）中提到的需要律师发表意见的问题出具 本回复。德恒及经办律师根据《中华人民共和国公司法》《中华人民共和国证券 法》《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业 规则（试行）》等法 ...

Group 1 - Inner Mongolia has successfully transferred 92 mining rights, generating approximately 222.06 billion yuan in revenue since the beginning of 2024 [1][2] - The successful transfer of the Hadatu mine in Ordos City for 138.62 billion yuan provides essential coal supply for the green integrated coal chemical project [1] - The transfer of the Hohlin River No. 4 mine for 28.5525 billion yuan contributes significantly to the economic development of Northeast China and the mining economy in Eastern Inner Mongolia [1] Group 2 - Inner Mongolia is enhancing the efficiency of mining rights transfer through market-oriented reforms, optimizing resource allocation, and strengthening supervision [2] - A unified "transfer project database" has been established to standardize the entire process of mining rights transfer using information technology [2] - The focus for this year includes the transfer of the largest known natural soda ash mine in Tongliao City, which is expected to accelerate the development of a modern soda ash industry system [2]