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Article: GUANGDONG APPLIES BIDDING AND AUCTION TO MINING RIGHTS ENTITLEMENT
- Article from:
- AsiaInfo Services
- Article date:
- September 20, 2002
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Guangdong Applies Bidding and Auction to Mining Rights Entitlement
GUANGDONG, Sep 20, 2002 (AsiaPort via COMTEX) -- New regulation will
come outin Guangdong Province to stop administrative examining andapproving
of mining rights entitlement for certain kinds ofminerals. These minerals
usually have a large regular marketdemands. Instead, public bidding
and auction will be used.
By implementing the experimental work on bidding and auction ofmining
rights, total 13 cases of mining rights are remised andor attorned
in the province. Their total value is RMB 92.377millions.
According to the report of Nanfang Daily, the mining rights usedto
be entitled by administrative ...