China's Mining Fiscal Regime 2019

China's Mining Fiscal Regime 2019

Summary

GlobalData's “China's Mining Fiscal Regime 2019” report outlines the governing bodies, governing laws, mining licensing, taxes and royalties in China's mining sector.

In China, the State Council holds supreme power and administration rights. It manages China's internal politics, diplomacy, national defense, finance, economy, culture, and education. The council implements policies, laws, and regulations adopted by the government. It controls the ownership of minerals and ensures the rational development and utilization of mineral resources.

The Ministry of Natural Resources is responsible for the management and regulation of natural resources in the country. It was formed in March 2018 and took over the responsibilities of the defunct Ministry of Land and Resources, State Oceanic Administration and State Bureau of Surveying and Mapping. Simultaneously, the government also amended the Regulations on the Administration of Geological Data and terminated the Regulations on the Administration of Geological Exploration Qualification. The country’s mining industry abides by the Mineral Resources Law, which promotes the exploration, development, utilization, and protection of mineral resources in the country.

Scope

- The report outlines the governing bodies, governing laws, various mineral licenses, taxes and royalties.

Reasons to buy

- Obtain up-to-date information on mining sector taxes and payments
- Conduct analysis to mitigate the impact of regulatory changes
- Understand the regulatory framework
- Gain an overview of the mining industry structure by identifying China's mining governing bodies, major laws and licenses