China Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

China Mining Industry Report Overview

China is one of the largest mining countries in the world. The country’s approach toward sustainability has gained attention in recent years due to increasing concerns about resource depletion, pollution, and social issues related to mining. A few of the key sustainable practices in China’s mining industry include environmental conservation, resource efficiency, effective regulatory reforms, and green mining initiatives. Furthermore, China is increasing investments in renewable energy, especially in wind and solar to promote energy transition in the upcoming years.

The China mining industry report provides comprehensive coverage of the country’s mining fiscal regime. The report provides the country’s overview with macroeconomic performance, corruption index, and mineral overview. It also includes a detailed coverage of the country’s mining regulatory bodies, laws, rights, and obligations, and current and future tax-related proposals.

Governing Bodies ·        State Council

·        Ministry of Natural Resources (MNR)

·        National Development and Reform Commission (NDRC)

·        National Energy Administration (NEA)

·        Department of Resource Conservation and Environmental Protection

Key Laws ·        Mineral Resources Law

·        Mining License

·        Mining Fees Exemption

·        Environmental Protection Law

·        Area Forbidden for Mining

Taxes and Royalties ·        Resource Tax

·        Environmental Protection Tax (EPT)

·        Value Added Tax (VAT)

·        Consumption Tax

·        Corporate Income Tax (CIT)

Key Minerals ·        Coal

·        Iron Ore

·        Lead

·        Copper

·        Graphite

·        Silver

Enquire and Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Buy the Full Report to Know More About the Mining Industry in China,
Download A Free Sample Report

China Mining Industry - Key Governing Body

The key regulatory bodies governing China’s mining industry are the State Council, Ministry of Natural Resources (MNR), National Development and Reform Commission (NDRC), National Energy Administration (NEA), and Department of Resource Conservation and Environmental Protection among others.

In China, the State Council holds the supreme power and administration rights. It manages China’s internal politics, diplomacy, national defense, finance, economy, culture, and education. The State Council consists of a premier, vice premiers, state councilors, and various ministers, as well as the auditor general and secretary general. The council implements policies, laws, and regulations adopted by the government, controls the ownership of minerals, and ensures the rational development and utilization of mineral resources.

China Mining Market Analysis by Governing Bodies

China Mining Market Analysis by Governing Bodies
Buy the Full Report to Learn More About the Key Bodies Governing the China Mining Industry,
Download a Free Sample Report

China Mining Industry – Laws, Rights, and Obligations

The key laws in the China mining industry are the Mineral Resources Law, Mining License, Mining Fees Exemption, Environmental Protection Law, and Area Forbidden for Mining among others.

Mineral Resources Law: This law is harmonized with the Constitution of the People’s Republic of China, to develop the mining industry by promoting the exploration, development, utilization, and protection of mineral resources. It also ensures the current and long-term requirements of socialist modernization. In China, the state and the State Council own mineral resources, which also ensures protection, utilization, and development.

China Mining Market Analysis by Laws

China Mining Market Analysis by Laws
Buy the Full Report for More Information About the Key Laws in the China Mining Industry,
Download a Free Sample Report

China Mining Industry – Taxes and Payments

The main taxes applicable in the China mining industry are Resource Tax, Environmental Protection Tax (EPT), and Value Added Tax (VAT), among others.

Resource Tax: The resource tax is levied for exploiting natural resources and determined based on the revenue generated from sales of primary taxable minerals, including crude oil, natural gas, coal, ferrous and non-ferrous ores, and non-metal ores. The rate applicable for crude oil and natural gas products ranges from 5% to 10% based on their sales. In September 2020, the Chinese government altered its resources tax on some metals. In August 2023, China’s Ministry of Finance and the State Administration of Taxation announced that the preferential resource tax deduction policy on coal mining will be reduced by 50 between September 1st, 2023  and December 31st, 2027.

China Mining Market Analysis by Taxes

China Mining Market Analysis by Taxes
Buy the Full Report for Additional Taxes and Payment insights in the China mining industry market,
Download a Free Sample Report

Scope

The report outlines the governing bodies, governing laws, various mineral licenses and fees

Reasons to Buy

  • Enhance your decision-making capability in a more rapid and time sensitive manner.
  • Find out China’s governing bodies, major laws in the industry.
  • Identify various mineral licenses and fees.
  • Gain an overview of China’s mining fiscal regime.

 

Table of Contents

Executive Summary

Country Overview

Mineral Overview

Governing Bodies

Law, Rights and Obligations

Taxes and Royalties

Sustainable Mining Practices

Appendix

Table

Table 1: Resource tax, 2022

Table 2: Environmental protection tax, 2022

Table 3: Value added tax (VAT), 2022

Table 4: Land appreciation tax, 2022

Table 5: Deed tax, 2022

Figures

Figure 1: Country overview, 2022

Figure 2: Nominal GDP (US$ billion) and real GDP growth rate (%), 2001–2021

Figure 3: Corruption perception index, 2016–2021

Figure 4: Minerals Production Trend, 2011–2021

Frequently asked questions

China Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

China Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at China Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update in real time.

  • Access a live China Mining Industry Fiscal Regime Analysis – Governing Bodies, Regulations, Licensing Fees, Taxes, Royalties, 2023 Update dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.