This is the factory tow hook that attaches to the threaded opening in the front grille and rear bumper (hidden under caps). If you want an extra for track duty, or if you've misplaced yours, here is the replacement.
Fits all models:
2002-2006 R50 MINI Cooper and R53 MINI Cooper S
2005-2008 R52 MINI Cooper and Cooper S Convertibles
2007-2013 R56 MINI Cooper and Cooper S Hatchback
2008-2014 R55 MINI Cooper and Cooper S Clubman
NOTE: NOT compatible with the new 2014+ F56 MINI Hatchbacks
For 2011+ R58 Coupe and 2012+ R59 Roadsters, see G2NMX5210.
For 2011+ R60 COUNTRYMAN, see G2NMA7655.