The "three rate" indicator sets a red line for China's mining industry

In order to ensure the rational development of China's mineral resources and adapt to the urgent needs of China's resource shortage, on December 30, 2013, the Ministry of Land and Resources issued 7 minerals such as iron , copper , lead , zinc , rare earth, fluorite and potassium . Resources are reasonably developed to meet the minimum requirements of the “three rates”. It is the index following the requirements of the "three rate" five coal minerals released in 2012, vanadium and titanium magnetite, gold ore, phosphorus ore, kaolin ore, Ministry of Land and Mineral Resources issued the "three rate again "index. The “three rate” indicator announced in this announcement involves a large variety of mineral resources, and these minerals account for a high proportion of industrial production applications. Therefore, it is more conducive to the improvement of resource utilization efficiency and environmental protection.

The “three rates” include mining recovery rate, mining depletion rate, and mineral recovery rate. The announcement will announce the “three rate” indicator requirements for seven minerals such as copper, lead and zinc, iron, rare earth, fluorite and potassium salt in six annexes. Each announcement includes “three rate” indicator requirements and supervision. Management, indicator definition and calculation methods are three parts. In addition, this announcement also refines the mining recovery rate, ore recovery rate and comprehensive utilization index under different conditions.

The relevant person in charge of the Ministry of Land and Resources introduced that China’s release of the “three rates” indicator of mineral resources is the main target and regulatory basis for the development and utilization of resources by relevant mining enterprises, industry associations and land and resources authorities at all levels, compared with previous regulations. In other words, the indicators are more specific, the goals are clearer, and the direction is more clear. Therefore, the application requirements of the indicators are significant. It is reported that the implementation of the "three rates" last year has been effective for one year. Mining-related management departments and mining companies have tasted "sweetness." The author believes that this expansion of the "three rates" indicator scope can not only further improve China's mineral resources index evaluation system, improve the management level of China's mineral resources, but also stimulate mining enterprises to innovate and save on the comprehensive utilization of mineral resources. The level of development and utilization of mining resources can also reduce the dependence of China's mineral resources on foreign exports to a certain extent.

Saving and comprehensive utilization of mineral resources is an important way to promote the construction of ecological civilization, and the “three rates” are the main indicators for evaluating the effects of conservation and comprehensive utilization. Therefore, the timely establishment and improvement of the "three rates" standard is a "red line" for the construction of China's ecological civilization, and an important measure to protect China's mineral resources and ecological environment from the source. In summary, under the situation of scarce resources in the international arena, the “three rates” indicator is of great significance.

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