On February 14th, 2015, Minister of Ministry of Natural Resources and Environment of the Socialist Republic of Vietnam issued the Decision No 411/QD-BTNMT to approve the Auction Plan for the Right to Exploit the Mineral stage 1 of 2015.

 

 

This plan is for innovating the managing mechanism of the mineral activities according to the mechanism of the economy market; managing, exploitating and reasonable and economical using to satisfy the needs of sustainable development, increaseeconomic effectand reduce environmental impacts. At the same time, it will promote the mineral potential; attractinvestment on mineral resources; increase revenues for the state budget.

 

The selected mineral area for auction must be suitable with the explore, exploit and process project which approved by the authorities.

 

There are 4 areas for auction : Iron in Khe Bang, Thu Cuc Committee, Tan Son district, Phu Tho province; Metacacbonat in Suoi Giang Committee, Van Chan District, Yen Bai province; Gold in Xa Khia Committee, Le Thuy District, Quang Binh Province; Fluorite in Binh Duong Committee, Nguyen Binh district, Cao Bang Province.