The authenticity and authoritativeness of resource reserve achievement information




The resource reserve achievement information is the most important basic information in the field of mineral exploration and mining. It involves all aspects of national resource security, major decision-making, policy formulation, social investment and financing, mining market environment, and integrity system, and has received widespread attention from all walks of life. We have also noticed that some of the units, enterprises and individuals you proposed arbitrarily publish information on the results of resource reserves that have not been reviewed and filed in accordance with the law, especially a few exaggerated or even false information, which has brought a lot of negative impacts on society.
In fact, in 1999, the Ministry of Publicity and the Propaganda Department of the People's Republic of China issued the "Notice on Strengthening the Management of Mineral Resources Information of the Ministry of Land and Resources of the Propaganda Department of the Central Committee of the Communist Party of China" (Guo Tu Zi Fa [1999] No. 419). Requires strengthened management to prevent reports from being misrepresented. Information on major resource reserves must be reviewed by the Ministry of Land and Resources before being publicly reported.
In 2012, we issued the “Notice of the Ministry of Land and Resources on Regulating the Release of Information on Mineral Exploration Resources and Reserves” (Guo Tu Zi Fa [2012] No. 34) to further regulate the issue of information on mineral exploration and resource reserves and other related matters. Among them, there are clear regulations on the division of responsibilities for information release, information suspension release procedures, and information release media.
The reserves achievement information released by the natural resources authority is carried out in accordance with the law. Through strict reserve review and filing procedures, the natural resource management departments and review agencies at all levels are carefully checked and guaranteed by layers of responsibility implementation and accountability mechanisms. For example, we require Mining rights holders are responsible for the authenticity of the mineral exploration resource reserves data submitted by them; review experts must submit signed review opinions; review institutions must submit review opinions and be responsible for the reserve review conclusions.
 

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