The reference significance of foreign joint venture for China’s geological exploration fund operation

Joint venture is the main operation mode and financing mode of exploration and mineral companies.Joint venture exploration is a kind of risk cooperation method, which conforms to the law of mineral resources exploration and meets the special needs of the risk exploration stage.Joint venture parties shall share risks and share profits and losses according to the proportion stipulated in the agreement, which is the characteristic of joint venture.China’s geological exploration fund has played an important role in regulating policies, sharing exploration risks, guiding and stimulating social funds and investing in mineral resources exploration.Cooperative investment has become the main investment mode of geological exploration fund.In order to implement the “National Mineral Resources Planning (2016～2020)” proposed the reform of the Central Geological Exploration Fund, to make up for the lack of mining capital market requirements, and further innovation, rich geological exploration fund investment cooperation mechanism, the foreign joint venture mode provides a good reference and reference significance.