What are the benefits for enterprises when green mine construction meets the standards for inclusion?

Jul 31,2023

Green mining is a vivid practice of ecological civilization construction in the mining industry and an inevitable choice for the new era of mining development model.

Green mining is a vivid practice of ecological civilization construction in the mining industry and an inevitable choice for the new era of mining development. In March 2017, the "Implementation Opinions on Accelerating the Construction of Green Mines," jointly issued by six ministries and commissions, pointed out that mining enterprises that have completed the prescribed review procedures and achieved compliance can obtain benefits in the following four aspects:

• Priority allocation of mineral resource mining quotas and mining rights renewal

• Priority allocation of enterprise land applications

• Preferential collection of enterprise income tax

• Financial and financial policy support for enterprises

01 Mineral resource support policies

For the mining indicators and mining rights allocation of mineral resources under total quantity control, those that comply with national industrial policies will be prioritized for green mines and green mining development demonstration zones. For mining rights that meet the conditions for agreement transfer, they are allowed to be preferentially transferred to green mining enterprises through agreement.

02 Ensuring land for green mine construction

In the adjustment and improvement of overall land use planning, various places should incorporate the land required for green mine construction projects into the planning and arrangement, and prioritize the reasonable new construction land needs of newly built, renovated, and expanded green mines in the annual land use plan.

For mining land, after legally handling the construction land procedures, it can be transferred, leased, or leased first and then transferred through agreement; for land supplied through transfer, the land user can, based on factors such as the mining production cycle and mining years, flexibly choose the land use right transfer term without exceeding the legally stipulated maximum transfer term, implement flexible transfer, and can agree on installment payment of land transfer payments in the land transfer contract.

Support green mining enterprises to timely reclaim and revitalize existing industrial and mining land, and link it with new construction land. Integrate the construction of green mining development demonstration zones with the reclamation and utilization of abandoned industrial and mining land, the restoration of mining geological environment, the treatment of soil pollution in mining areas, land consolidation, etc., and apply relevant pilot and support policies; under the premise of complying with planning and ecological requirements, it is allowed to use the increased cultivated land from the reclamation of historically abandoned industrial and mining land for cultivated land compensation balance.

For farmland or other land damaged and irretrievable due to legal mining, on-site investigations shall be conducted in accordance with the requirements and procedures of land change investigation work, and after special report review and approval, they shall be included in the annual change investigation. Among them, for cultivated land, the cultivated land retention amount shall be reduced in accordance with the facts, but it shall not exceed the upper limit of the control number in various places, and basic farmland shall be supplemented.

03 Increasing financial and tax support

When arranging geological and mineral survey and evaluation funds, the Ministry of Finance and the Ministry of Land and Resources, on the basis of improving the current fund management methods, will study appropriate preferential treatment for qualified projects in areas that develop green mining demonstration zones.

While making good use of central funds, local governments can coordinate geological and mineral resources, mining ecological environment governance, heavy metal pollution prevention and control, land reclamation, and other funds, and prioritize support for qualified projects within green mining development demonstration zones, play a role in fund aggregation, promote the transformation of mining development methods and improvement of mining area environment, promote the sustainable development of mining area economy and society, and actively coordinate local fiscal funds to establish a reward system to reward excellent green mining enterprises.

Enterprises that continuously conduct technological research and development and results transformation of green mine construction technology within the scope of the "National Key Supported High-tech Fields," and meet the conditions for being identified as high-tech enterprises, can be taxed at a reduced rate of 15% on enterprise income tax according to law.

04 Innovative green financial support policies

Encourage banking financial institutions to develop green mine-specific credit products that meet local conditions, based on strengthening the assessment and management of environmental, health, safety, and social risks of investment projects in the mining industry, and increase financial support for green mining enterprises in environmental restoration and governance, heavy metal pollution prevention and control, and resource recycling under the principles of controllable risk and sustainable business. For green mining enterprises with sound environmental, health, safety, and social risk management systems, timely information disclosure, good interaction with stakeholders, purchased environmental pollution liability insurance, competitive products, market, and benefits, financial institutions are encouraged to actively provide financial services and financing support.

Encourage provincial governments to establish green mine project databases and strengthen support for green credit. Include green mine information in the enterprise credit system as an important reference for banks in conducting credit business and other financial institutions' services.

Support government-guaranteed institutions to explore the establishment of structured green mining guarantee funds to provide credit enhancement services for green mining enterprises and projects. Encourage social capital to establish various green mining industry funds to provide financial support for green mine projects. Promote qualified green mining enterprises to be listed on the domestic SME board, GEM, and main board, as well as to be listed on the "New Third Board" and regional equity markets for financing.


Source: Green Mining Network (If there is any infringement, please contact the backstage to delete)