en.Wedoany.com Reported - The first market-based transfer of a coking coal resource exploration right in China's Inner Mongolia Autonomous Region was concluded on July 6, with Inner Mongolia Junzheng Chemical Co., Ltd. winning the exploration right for the Xinxi Well Field in the Heishan Coal Mining Area of Alxa Left Banner at a price of 1.38027 billion yuan.
This transfer was carried out under the overall planning and deployment of the Inner Mongolia Autonomous Region Party Committee and government, with the Department of Natural Resources of the Autonomous Region coordinating efforts with multiple departments including energy, ecology and environment, forestry and grassland, and the public resources trading center. Leveraging the implementation of the new "Mineral Resources Law of the People's Republic of China," these departments executed the "1571" work deployment of the Autonomous Region Party Committee, strengthened market orientation, reinforced the support of mineral resource elements for major projects, and established a mining rights trading market environment characterized by unified rules, openness and transparency, orderly competition, and standardized regulation.
The exploration right for the Xinxi Well Field in the Heishan Coal Mining Area of Alxa Left Banner, transferred this time, has a reconnaissance level of general survey, a block area of 102.7342 square kilometers, and an annual planned production scale of 1.5 million tons, utilizing underground mining methods. This marks the first time the Inner Mongolia Autonomous Region has transferred a coking coal resource exploration right through market-based means, and also the first market-based transfer of a coal mining right in the Western Alxa region of Inner Mongolia. This transfer will inject new momentum into the development of the traditional energy industry in Alxa League, provide high-quality coal source guarantees for the coal chemical industry in Wuhai and surrounding areas, effectively increase local fiscal revenue, and drive the coordinated development of related industries.
The Department of Natural Resources of the Inner Mongolia Autonomous Region stated that, going forward, it will continue to release more high-quality mining rights resources with superior endowments, great potential, and high benefits to the market, routinely publicize transaction information, standardize transaction procedures, and strictly adhere to transaction discipline, continuously fostering an open, fair, just, and transparent mining rights trading market environment to provide mineral resource element guarantees for the high-quality economic and social development of the autonomous region.
