Research On Value Realization Of Mineral Resources And Safeguard Mechanism

Our country has established the goals and fundamental frameworks of the reform of socialist market economic system under the guidance of reform and opening up policy. That the reform of geological work system has separated commonweal and commercial geological works definitely, which promotes marketization process of exploitation and utilization of mineral resources, makes mining and mineral resources explorations prospered. In recent ten years, China’s mining market has changed because of the active participation both private enterprises and part of the domestic and overseas capital; domestic mining enterprises management mode has taken significant changes under the influence of downstream enterprises and other industries; domestic mining investment pattern has undergone tremendous changes under the impact of financial capital operation and multinational companies, and so on. These changes has brought gigantic challenge on the management of mineral resources for our country during the new period. In order to meet the demands of socialist market economic developments, to better managements and higher efficiency utilization on mineral resources at home and abroad, to ensure adapt to our country industrial structure adjustments and industrial upgrading for mineral resources, the author has taken part in several mineral resources exploitation and investments projects, of course,some successful some failure, and on the basis of predecessors’materials, has summarized experiences and theories, also has created a systemic model to research formation mechanism about relationships among resources, assets and capital, and finally, has made a analysis and discussion on efficient resource assets and capital guarantee mechanism based on some related management systems.Mineral resources, which undergo geological mineralization process, and stored in the earth’s surface or in the crust, are the development and utilization of value mineral or useful elements collection. Mineral resources experience geological exploration and exploitation process before they are transformed into available minerals. From mineral resources to mineral resources assets and mineral resources of capital, mineral resources undergo investment process, and then invested monetary capital transform into mineral resources of capital.Due to the scarcity and exhaustion characteristics, running out of mineral resources eventually is inevitable. Consequently, based on the mineral resources sustainable development theory, we focus on that how to maximize the utilization of mineral resources. The paper presents path of the value realization of mineral resources in China under the background of the global economic integration today by the means of reviewing the value of mineral resources structure, value formation and value model, value measurement model as well as guarantee mechanism of value realization.Firstly, the paper concludes the relevant concepts and theories about mineral resources, including mineral resources capitalization, mining right value, mineral resource assets evaluation theory, land rent theory, sustainable development theory, real option theory, the optimal depletion theory and income distribution theory of mineral resources. They are all basic theories for mineral resources value realization. Secondly, on basis of mineral resources value theory, the paper summarizes the composition of mineral resources value structure and constructs the value theory model. Thirdly, based on the production process and the premise of value realization of mineral resources, the paper states that path of the value realization of mineral resources, and each of paths steps. Furthermore, on basis of the purpose and significance of mineral resources value measurement, the paper concludes that five kinds of mineral resources value measurement methods, and measures value of mineral resources by the historical cost method. Finally, taking a mining company for example, researching on mineral resources capitalization serves as the paper’s highlights in order to understanding the process of mineral resources capitalization.The paper also puts forward the composition of mining investment risk and construct government, mining companies and investors trinity of mining investment risk sharing mechanism under background of mining capital market development course, current situation and existing problems.