China Beijing International Mining Exchange (CBMX; ) is an electronic transaction bourse and

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for mineral rights transactions in China. It handles transactions for both State-owned enterprises SOEs as well as transfers of enterprise-owned mineral rights.

Background

The CBMX was established in 2009 and officially began trading operations in October 2010. It is one of twelve subsidiaries of CBEX that conduct trading operations. Appointed by the Beijing Municipal Bureau of Land and Resources, it is described as "a public service platform for international trade of mineral rights and mineral commodities". CBMX claims to be the first such institute receiving governmental approval, the first such institute in China with an electronic platform for transactions of mineral rights, the first to develop a comprehensive handbook (2009), the Mineral Rights Exchange Guidebook, and the first such institute to launch an independent expert assessment system. The CBMX is physically located in the Fortune Times Building, 3rd floor, in Xicheng District, Beijing in

Financial Street Beijing Financial Street (BFS) () is where Chinese regulatory agencies are located. It is located inside Beijing's innermost 2nd Ring Road. According to the 13th 5 years plan, Beijing Financial Street will be positioned more towards a regula ...

. The CBMX has a trading room with computer terminals for 'members' in the middle and 'traders' on either side, and a large red LED display board at the front of the room. Information on the system is mainly in Chinese and only a small amount of English content is provided. CBMX provides flowcharts showing the transaction processes for both transfer of State-owned mineral rights and transfer of mineral rights owned by enterprises.

Mission

The CBMX Chairman, Mr. Wu Ruchuan, describes the CBMX principles as: * conducting operations with integrity in an open and transparent manner * creating an open, orderly, sound and unified market environment in which all market subjects can compete on an equal footing, and * promoting the efficiency of mineral rights transactions The core business of the CBMX is to conduct transactions of mineral rights and the trading of mineral commodities according to the laws, policies and statutes applicable to mineral resources. The CBMX also supplies comprehensive services jointly to owners of mineral rights and potential investors comprising: * project information disclosure * project promotion * technical support * policy consultation * investment guidance * M&A planning * project financing * risk management * geological survey and reporting * exploration development * trading of mineral commodity items and quantities CBMX has not yet (May 2011) reported the number of transactions nor their aggregate value since it opened in October 2010.

References

Notes

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External links

CBMX Official WebsiteCBEX Official Website
Mining in China 2009 establishments in China

Background

Mission

See also

References

Notes

External links