Yunnan Bureau of Geology and mineral resources set up busine
Recently, Yunnan Province, Baoshan City West Town lead-zinc mine construction work has started, the mine by the Yunnan Provincial Bureau of Geology and mineral resources of Yunnan Mining Corporation (Group) and listed companies Sheng Tun Mining Group Mining Limited by Share Ltd jointly. Yunnan geological and Mineral Corporation (Group) owned Assets Valuation Company, 80% cash to replace Tun mining, 20% retained as equity participation in the development of profit sharing. By the Yunnan Provincial Department of Finance assessment, the project achieved a net value of state-owned assets increased by several times.
This has aroused great repercussions in the mining industry and geological prospecting system in Yunnan. Experts said, by the international environmental impact, the domestic mining industry and its upstream industry geological exploration work has become sluggish, it is an indisputable fact. The West Town lead-zinc mine development road, valuable is contrarian, bold innovation, not only follow the rules of geological prospecting, and with the sincere cooperation and mutual benefit and win-win market rules, explored new ways to develop new formats of geological work conditions, has very strong realistic significance.
In 2007, the Yunnan Provincial Bureau of Geology and mineral resources for the development of a framework agreement signed with the implementation of the Baoshan Municipal People's Government of mineral resources exploration, aimed at the development of geological prospecting economy, the establishment of the Baoshan Hengyuan Xinmao Mining Co. Ltd., commercial geological prospecting risk of Baoshan City West lead-zinc mine, and actively preparing for the development and utilization of the existing resources based on the related work. The great responsibility of Hengyuan shinemore company and bear the exploration task of geological prospecting units in close collaboration, innovation of deep prospecting ideas, and looking for blind ore, soon made deep prospecting breakthrough. Yunnan Provincial Bureau of Geology and mineral resources, decisive decision-making, increase investment in exploration, total drilling footage of 80 thousand meters, more than 70 tons of proven quantity of lead and zinc, associated silver about 4400000 tons, is a large lead-zinc mine. However, the low-grade lead and zinc mine is of low grade, complex mining conditions and hydrogeological conditions, large investment in mineral deposits development, low return on investment and weak ability to resist risks. Yunnan geological and Mineral Corporation (Group) has a shortage of technology and personnel in complex mining conditions and a lack of experience in similar mines. Money is the biggest stumbling block, a rough calculation, the construction of a modern nonferrous metal mine, takes at least seven or eight years do not say, tens of millions of 100 million yuan to start funds come from? In order to promote the development of the mine, as soon as the resource advantages into economic advantages, Yunnan Province Bureau of Geology and mineral resources had another way, decided to introduce the financial strength and the technical strength of the strategic partners, according to the law of development cooperation.