Research On Securitization Of Mineral Resource

Since the global financial crisis in 2008, commodity prices falling, the central and local geological exploration investment is slowing, as the first industry mainstay of mining companies, widespread lack of projects, the low efficiency and project the stress of working capital problem.Securitization of mineral resources in shaanxi province as an example to research papers, trying to mining enterprises financing innovation, broaden the financing channels, improve asset liquidity.By reading literature, field survey, qualitative analysis and other methods, the research on asset securitization development situation at home and abroad, on the basis of analysis of mineral resources in shaanxi province securitization mode, this paper discusses the mineral resource asset securitization trade structure and trade links, in gold resources, for example analyzes the factors affecting asset securities value, recognition and main achievements made in the paper are as follows:1. The public offering failed to solve the problem of shortage of funds the mining companies in shaanxi, mining right mortgage securitization mode is not yet mature, mining right securitization can effectively improve the mining right asset liquidity, division will be mining assets, mine deep mining economic value.2. The mining right securitization transaction structure defines a list of the participants and that asset securitization can represent the main steps of securitization operation characteristics of organisms, build the structure of mining enterprises of the mining right securitization transactions.3. Mining right asset pool is proposed to consider the four criteria, namely the rights of mining right belonging clear; Choose mineral sales revenue in the relatively stable stage of mining right, has signed a long-term sales of fixed price contract is preferable;Mineral the acquirer's financial position, profitability, and good business reputation; Asset pool has a certain size, and the basis for mining right assets in terms of mineral species diversity.4. On the basis of enterprise asset securitization case analysis, think the mineral resource asset securitization impact factors include:basic assets cash flow stability, credit rights and stock interest rates.5. Should choose the dollar index is in a downward slide issue of asset securities, financial crisis period, the effect is much better.Gold and silver prices continue to fall can be regarded as a gold and silver prices into the trend of a signal, the implementation of mineral resource asset securitization, asset pool high cash flow stability.