Issued: June 11 2003

Effective: August 1 2003

Applicability: "Invitation for bids for exploration rights and mining rights" means the announcement of bid invitations to invite specified or unspecified bidders to take part in the submission of bids, and that the bid winner is determined according to the results therefrom; "auction for exploration rights and mining rights" means the conduct of the auction at the specified time and in the specified place, and that the determination of the bid winner accords with the results of the auction bids; "listing for exploration rights and mining rights" means receiving price bids from competing buyers and changing the listed price accordingly within the time limit and venue specified by the listing announcement, and that the bid winner is determined according to the bidding price prevailing at the expiry time of the listing (Article 3).