Abstract: Mineral resources,resources assets and capital are major attributes of production elements in mineral industry.It’s important to study on their relationships that should be helpful China’s mineral industry management.Base on analysis of present management problems of China on mineral resources,resources assets and capital,our study reviews theoretical logic of their relationships.We integrate all those theories into management system processes of China’s mineral industry and build the framework on reform of them.In our study,the nature of those relationships among mineral resources,resources assets and capital is that requirements which production relations must meet production forces under the condition market economy.The transformation of value determined by value theory is the foundation of those relationships.Cost and income is the core mechanism of them.Both of them appear as activities of stakeholders associated with mineral industry.The framework includes a series of theories such as value theory,public management,modern enterprise system,property right theory,credit institution,transaction cost,capital market and intermediary organization,which should be useful for researching on those relationships.