Mining license

Definition and stakes

by the National Assembly of Vietnam,  Mineral Law of Vietnam, 2010

“ Grant of a mining license must adhere to the following principles: a/ A mining license is granted only for areas in which no organization or individual is lawfully exploring or mining minerals, but not for areas banned or temporarily banned from mineral activities or areas of national mineral deposits; b/ A mineral area in which large-scale mining can be effective may not be divided for the grant of mining licenses to many organizations or individuals for small-scale mining. ”
Source: Wikisource

by the National Assembly of Vietnam,  Mineral Law of Vietnam, 2010

“ Priority right of organizations and individuals licensed for exploring minerals 1. Organizations and individuals licensed for exploring minerals in areas not subject to auction of the mining right are prioritized to obtain mining licenses for approved mineral deposits within 6 months after the expiration of their mineral exploration licenses. Past the priority period specified in this Clause, if not applying for a mining license for the exploration area, the organizations and individuals licensed for exploring minerals will lose the priority right. ”
Source: Wikisource

by the National Assembly of Vietnam,  Mineral Law of Vietnam, 2010

“ To obtain a mining license, an organization or individual must satisfy all the following conditions: a/ Having an investment project to mine minerals in the explored area with approved mineral deposits in conformity with the master plans specified at Points b, c and d, Clause 1, Article 10 of this Law. Such a project must contain a plan on employment of professional human resources, and advanced and appropriate equipment, technologies and mining methods ”
Source: Wikisource

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