Article: GUANGDONG APPLIES BIDDING AND AUCTION TO MINING RIGHTS ENTITLEMENT

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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 ...

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