The Enlightenment of the International Experiences Concerning Mineral Exploration Financing Model

Abstract

Mineral exploration financing model is closely related to one country's geological work system and mechanism, which has a certain national characteristics. As a whole, there are two financing models in the exploration investment and financing system of developed mining countries. One is market-oriented first, various monetary measures second, represented by emerging mining markets such as Canada and Australia; the other is dominated by securities financing, with the United Kingdom and the USA as representations. While, in China, the investment and financing model is the decentralized mode with government investment and social investment as the focus. On this basis, this paper introduces the enlightenments drawn from international mineral exploration investment and financing policy. These include: the benign interactions between a sound policy financing system and market financing; classifying the channel of their listing for listed companies of exploration and mining; enhancing the support of capital market for mining exploration stage; encouraging the development of intermediary financing institutions; raising the scientific nature of the mining exploration stage; and attracting foreign investment to improve mineral exploration investment and financing market environment.