By studying and analyzing the development environment and reform situation faced by the national geological exploration fund,analyzes the background and necessity of establishing the Mining Industry Investment Fund.To ensure the safety of mineral resources,innovating the methods of the financial support,accelerating the structural adjustment and transformation upgrading of the mining industry,improving the ability and level of international cooperation,according to the relevant requirements of the government's asset industry investment fund and transformation of government's functions,adjust the position and operating mode of the central geological exploration fund timely.It is crucial and feasible to adjust the positioning and operation mode of the Central Geological Exploration Fund in a timely manner,and establish a Mining Industry Investment Fund in conjunction with the national mineral resource planning and market mechanism.Exploratory proposals have been made to restructure and establish a Mining Industry Investment Fund on the basement of Central Geological Exploration Fund,to build a new operating mechanism of the Mining Industry Investment Fund in which it has financial guidance,diversified investment and market-oriented operation.The reform ideas can lead national geological exploration fund into a new stage of coordinated and linkage development,help the mining industry to build a new pattern of high-quality development.And puts forward the Mining Industry Investment Fund's the position,establishment principle,duties,operating mode,organization structure,scale,direction,withdrawal mechanism and etc,and predicates and evaluates its investment returns and policy effectiveness.