| Gold mineral resources are the basic industry of Chinese national economy.The gold mineral resource industry is also one of the important pillars of Chinese economic development.Gold mining is a typical industrial cyclical industry.Under the background of Chinese ecological civilization construction,gold mining companies are facing unprecedented Challenges.How to balance the development of mineral resources and environmental protection has become an important issue currently.In recent years,with the rapid growth of Chinese extensive economy,a series of problems such as ecological deterioration,environmental pollution,and resource waste have also emerged.,And has gradually become the focus of people's attention.Under the current dilemma,how to rationally allocate resources,prevent pollution,and guide funds to invest in green industries to promote green transformation and industrial upgrading of the overall economy has become a green and sustainable development path for China Issues that must be considered.In addition,gold mining companies are capital-intensive production companies,and the production and operation of mines require a large amount of capital investment.Financing difficulties and expensive financing have also become a bottleneck restricting the development of gold mining companies.Shanjin Company is a gold mining company in Shandong Province.This article mainly studies the necessity and feasibility of green bond financing for the company's gold concentrate recovery project and the design of specific financing plans.This article first combs the domestic and foreign literature on green finance,green bonds and green mines,and summarizes the general situation of green bond issuance in China based on the sustainable development theory and green finance theory;secondly,it is the basis for analyzing the financing status and existing problems of the case company mentioned the necessity of green bond financing;third,through the analysis of the qualifications of issuers,the compliance of fundraising projects,environmental risk control and financial perspectives,it is believed that the case company is feasible to issue green bonds;fourth,According to the main business process and related requirements of China's green bond issuance,a specific financing plan was designed.According to the fund demand of 450 million yuan in the comprehensive recovery project of gold concentrate,combined with the company's actual and external market financing environment,the green bond issuance method designed in this paper is the Shanghai Stock Exchange public issuance with an amount of 450 million yuan and 7-year fixed bond interest,Adopt the credit enhancement measures of the parent company's difference compensation or the parent company's guarantee guarantee.The principal and interest payment method adopts the principal repayment method.Starting from the third interest calculation year,100 million yuan of principal and interest will be repaid annually,and the last interest calculation year Repay the remaining 50 million yuan in principal and interest,and finally form a complete issuance plan.At the end of the article,it starts with hiring an evaluation agency to do a good job in green project evaluation,doing a good job in full communication with accounting firms,law firms and credit rating agencies,selecting lead underwriters and joint underwriters,and doing a good job in the management and control of special accounts for raised funds and information disclosure.From the perspective of work and other aspects,the safeguard measures for the smooth implementation of green bond financing have been proposed.The research in this paper provides a solution path for Shanjin Company to solve its capital needs and improve its capital structure.Gold mining companies have a large demand for operating capital while taking into account environmental benefits.The green bond financing method provides the possibility for them.Bond financing also has a certain reference value. |
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