Study on the difference of information release in mining capital market at home and abroad:a case study of Sandaozhuang molybdenum mine

Mineral resources are the core assets of mining companies which hold the rights to use.Duing to the different requirements of domestic and foreign mining capital markets, there are large differences in the information on mineral resources which released at home and abroad.China Molybdenum Co., Ltd. is a dual-listed mining company on Hong Kong Exchanges and Clearing Limited and Shanghai Stock Exchange.According to the requirements of Hong Kong Exchanges and Clearing Limited, an independent technical report issued and signed by competent person in accordance with international general rules must be disclosed.According to the requirements of Shanghai Stock Exchange, the verification report is prepared in accordance with Chinese standards and passed the government review and filing.This paper takes the listed asset Sandaozhuang molybdenum mine of China Molybdenum Co., Ltd. as an example, and takes the public mineral resource information as clues to analyze the release path, content and mineral resources and mineral reserves of the first listed mining assets at home and abroad.The mineral resources information release requirements of the stock exchange, the adopted mineral resources and mineral reserves classification standards, and the mineral resources and mineral reserves estimation and identification system are the main reasons for the discrepancies in information release.This paper summarizes three points of enlightenment brought by the difference information release of the mining capital market, and provides empirical evidence for improving the development of China mining capital market and promotes the international interconnection of the mining industry.