en.Wedoany.com Reported - Recently, the Natural Resources and Planning Bureau of Xuan'en County in China's Hubei Province officially issued a Real Estate Property Certificate for Mining Rights and a Mining License to Xuan'en Agricultural Development Co., Ltd. The involved mineral type is limestone for building stone materials, with a resource reserve of 12 million tons. This move signifies a shift in Xuan'en County's mining rights management from "approval and registration" to "property rights registration," fully aligning with the newly revised Mineral Resources Law.
Xuan'en Agricultural Development Co., Ltd. is a key state-owned enterprise in Xuan'en County, Hubei Province, China, which had previously entered the mineral resource development sector. This issuance of the "dual certificates" represents the first case of mining rights registration in Xuan'en County. The company can use the Real Estate Property Certificate for Mining Rights to apply for mortgage financing from financial institutions according to law, thereby addressing the "financing difficulty" issue. It is estimated that this certificate can provide the company with a maximum financing quota of 200 million yuan. Simultaneously, the clear legal definition of property rights lays the foundation for the company to engage in market activities such as equity operations, strategic investments, mergers, and restructurings.
The Natural Resources and Planning Bureau of Xuan'en County stated that this issuance of "dual certificates" is a concrete practice of deepening the reform of "streamlining administration, delegating power, improving regulation, and upgrading services" in the field of natural resources. The bureau will continue to optimize approval processes, strengthen inter-departmental coordination and information sharing, and deepen the reform of "separating permits from certificates." Currently, the bureau has established a "one-stop" service platform for mining rights approval, reducing the approval time limit from the original 30 working days to 15 working days, thereby improving government service efficiency by 50%.
The annual demand for limestone for building stone materials in Xuan'en County is approximately 5 million tons. The release of this resource reserve can meet market demand for the next three years. Xuan'en Agricultural Development Co., Ltd. plans to invest 120 million yuan to build a modern mine, which is expected to commence production in the first quarter of 2025, with an annual production capacity of 2 million tons. Upon project completion, it will provide 200 local job opportunities and drive a 300 million yuan increase in output value for related industrial chains.
While enhancing the competitiveness of enterprises, this reform also promotes the standardized development of the mining market. With clarified property rights, the transparency of mining rights transactions increases, further stimulating market vitality. The head of the Natural Resources and Planning Bureau of Xuan'en County stated that in the future, they will continue to provide high-quality natural resource management services to support the coordinated advancement of high-quality economic and social development and ecological civilization construction.
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