These Measures are formulated for the purpose of implementing the strategy of “Going Global”, encouraging and leading geological exploration entities and mineral enterprises to explore and exploit mineral resources (excluding petroleum and natural gas) abroad, strengthening the administration of special funds for risk exploration of foreign mineral resources , and improving the benefits from using the funds. The Measures consist of 19 Articles divided into 5 Chapters: General Provisions; Eligibility Conditions; Budget Management; Supervision and Administration; Supplementary Provisions. Special funds shall refer to the subsidy funds and the interest-subsidy funds which are arranged by the public finance of the Central Government and specially used by geological exploration entities and mineral enterprises for projects of exploration and for projects of exploitation of mineral resources abroad, which are in short supply in China and urgently needed in the development of national economy. Article 6 provides for the conditions to be met for the application for special funds, including: (1) The implementation of the project conforms to the laws, regulations and industrial policies of China, the laws of the country where the project is located, and the established principles of international law, and shall not endanger the state sovereignty, national security or public interests; (2) It has been ratified by the Ministry of Commerce or the commerce administrative department at the provincial level to invest to establish an enterprise abroad; the procedures of ratification or archival filing for the foreign mineral resource exploitation project have been accomplished in the State Development and Reform Commission or the development and reform administrative department at the provincial level, and the procedures of archival filing have also been accomplished in the Ministry of Commerce and the Ministry of Land and Resources; etc.
Chine · 2005-10-31