Upcoming Trade Shows in China for Mining

China’s mining sector is a critical component of its industrial and economic framework, and is one of the most regulated sectors in the country. China is one of the wealthiest countries in minerals, metals and fuels, and its mining industry exerts significant economic force across its borders. The defining characteristic of China’s mining industry is its regulatory framework. Mineral exploration and extraction in China are governed by a web of regulatory bodies that include departments overseeing industry, environmental protection, work safety, and land resources. All mineral resources are state-owned, regardless of land ownership, as enshrined in the Mineral Resources Law. To operate, mining companies must secure government approval for mining rights, which can last up to 30 years. These rights are granted at various administrative levels from the State Council to local land and resources departments. Companies are also required to pay prospecting and mining fees, ensuring the state retains control over mineral wealth. China’s resource tax regime, established in 1984, has evolved significantly. Initially applied to coal, oil, and natural gas, the tax was expanded in 1994 to include metals, nonmetallic minerals, and salt. In 2011, the tax basis shifted from volume to the sales value of minerals, reflecting market realities. In addition to resource taxes, mining companies must pay a Mineral Resource Compensation fee, calculated as a percentage of the sales value. Local governments in resource-rich regions often impose additional taxes and fees, creating a financial ecosystem that supports regional development while contributing to the national treasury. China’s ""Two Markets, Two Resources"" policy underscores the importance of leveraging both domestic and international resource supplies. Domestically, this involves increased investment in exploration and mining. Internationally, strategies include foreign acquisitions, investment, and securing long-term procurement contracts. Aligned with this is the ""One Third, One Third, One Third"" policy, which advocates for an equal distribution of resource procurement.