China's shale gas exploration and development will be open to foreign investment

Jiang Daming, Minister of Land and Resources, said at the China International Mining Conference that China will continue to deepen its opening up and cooperation in the field of geology and mineral resources, and encourage foreign companies to give full play to their advantages in capital, technology and management, and actively participate in accordance with relevant laws. To China's mineral resources exploration and development, comprehensive utilization of mineral resources, shale gas exploration and development and other fields.

Jiang Daming said that the Ministry of Land and Resources will focus on streamlining and optimizing the management and approval procedures for mineral resources, giving full play to the role of the market mechanism, and will continue to promote the opening of the mining rights market for all types of investment entities, including foreign companies, and strive to create an open, fair, Diversified mineral resources exploration and development investment pattern. At present, social capital accounts for more than 70% of China's mineral exploration investment.

Jiang Daming also said that the Ministry of Land and Resources is planning and deploying in accordance with the "Strategic Action Plan for Mine Exploration Breakthrough" and actively promotes geological surveys and mineral exploration work in 78 complete assembly areas in 20 important metallogenic areas. At the same time, we will strive to achieve the overall goal of significant progress in three years, major breakthroughs in five years, and reshaping the pattern of mineral exploration and development in eight to ten years. Strive to use a period of 10 years or so to form a number of important mineral resources continuation bases. He said that under the impetus of strategic breakthroughs in mine exploration, China is setting off a new wave of geological prospecting, and the three-year target of the first phase is expected to be overfulfilled.

The data shows that up to now, China has initiated the construction of the first batch of 40 mineral resources comprehensive utilization demonstration bases, and issued the “Technical Catalogue for Encouragement, Restriction and Elimination of Mineral Resources Saving and Comprehensive Utilization” and the “China Resources Comprehensive Utilization Technology Policy Outline”. 99 advanced and applicable technologies for mineral resources conservation and comprehensive utilization with independent intellectual property rights, wide application range and good promotion prospects, guiding and promoting mining enterprises to save intensive use of resources, and releasing three batches of 459 national green mine pilot units .

Judging from the international mining market, Jiang Daming said that although the current global mining industry is still in a period of deep adjustment, in the long run, the “super cycle” of the new round of mining development is still going on. With the continued industrialization and urbanization of emerging economies and developing countries covering billions of people around the world, strong demand for mineral resources will remain for a long time.

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