Sunday, October 20 2019

VietNamNews

MoIT allows export of raw mineral inventory

Update: October, 03/2019 - 15:01

 

Without good management, minerals mining can cause pollution and losses to the country’s natural resources. —   Photo thiennhien.net

HÀ NỘI  —  Despite Government limitations on raw mineral exports, the Ministry of Industry and Trade (MoIT) says help is on hand for local enterprises.

Worldwide the price of metals and minerals has dropped which has impacted mines in Việt Nam.

Although mines are restricted over what they can and can't dig for, certain materials can still be exported. 

MoIT Deputy Minister Đỗ Thắng Hải said: “The decision is only temporary to ease the raw mineral inventory in Việt Nam.”

Under current regulations, even when enterprises stop mining, they still have to pay mineral mining rights.

This, Hải told a government press conference on Wednesday, has led to the closure of a number of exploitation companies.

In May 2017, the Government issued guidance to help enterprises remove the difficulties in mineral production, allowing the export of some minerals such as iron ore, titanium ore and white marble stones.

In addition, Hải said the Government did not completely ban all exports but instead installed restrictions.

The deputy added the MoIT is working with other relevant ministries and agencies to build a plan that can balance exploitation and processing to submit to Prime Minister Nguyễn Xuân Phúc.

In September 2018, Việt Nam News reported that PM Phúc ordered limiting small-scale and low-tech mining projects of minerals such as gold, copper, nickel and molybdenum, because such mining causes pollution and losses to the country’s natural resources.

Việt Nam’s mineral export to China is criticised due to the perception that the selling price is under market value, while Việt Nam still imports a vast amount of minerals from China.

Most of the minerals exported to China are in their raw, unprocessed form, meaning the relatively minor trade gains are outweighed by the level of ecological damage caused by mining activities. — VNS

 

 

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