What are the capital mobilization solutions for exploration, extraction, processing and use of minerals in Vietnam according to Decision 333/QD -TTg 2024?
- What are the capital mobilization solutions for exploration, extraction, processing and use of minerals in Vietnam according to Decision 333/QD -TTg 2024?
- What are the objectives and requirements of Plan implementation of Planning for exploration, extraction, processing and use of minerals in Vietnam?
- What are the regulations on management of resources in Plan implementation of Planning for exploration, extraction, processing and use of minerals in Vietnam?
What are the capital mobilization solutions for exploration, extraction, processing and use of minerals in Vietnam according to Decision 333/QD -TTg 2024?
Pursuant to item h, subsection 4, Section II of Plan implementation of Planning for exploration, extraction, processing and use of minerals for 2021-2030 period, with a vision by 2050 enclosed with Decision 333/QD -TTg 2024, capital mobilization solutions are as follows:
Investment capital for exploration, mining and processing projects is partially derived from state budget and mainly includes funding sources of enterprises, including owner’s equity, commercial loans (mainly) obtained on financial market, and funding mobilized from other sources such as on securities market, etc. To be specific:
- Funding from state budget is used for:
+ Making investment in schemes for survey and assessment of mineral resource potential; exploration of some toxic and radioactive minerals.
+ Formulating, revising, building and managing mineral planning data.
+ Giving financial support for scientific research; application of advanced technologies to mineral processing in order to synthetically, economically and effectively use non-renewable mineral resources under the national science and technology program for innovation and modernization of mining and mineral processing technologies approved by the Prime Minister.
+ Formulating and implementing science and technology programs for mining and mineral processing (in addition to the national science and technology program for innovation and modernization of mining and mineral processing technologies approved by the Prime Minister).
- Capital raised on international market: The Government shall consider assisting enterprises in implementing some special and large-scale projects using modern technologies or projects on pilot investment in deep processing as a premise for synchronous production chain development and sustainable development of large-scale resources by means of granting loan guarantees in accordance with regulations of law.
- Other funding sources: Raising of capital from domestic and foreign organizations, individuals and enterprises must comply with regulations of law.
What are the capital mobilization solutions for exploration, extraction, processing and use of minerals in Vietnam according to Decision 333/QD -TTg 2024? (Image from the Internet)
What are the objectives and requirements of Plan implementation of Planning for exploration, extraction, processing and use of minerals in Vietnam?
Pursuant to Section I of Plan implementation of Planning for exploration, extraction, processing and use of minerals for 2021-2030 period, with a vision by 2050 enclosed with Decision 333/QD -TTg 2024:
(1) Objectives
- Effectively implement the Decision No. 866/QD-TTg dated July 18, 2023 of the Prime Minister giving approval for the Planning for exploration, extraction, processing and use of minerals for the period of 2021-2030, with a vision to 2050 (hereinafter referred to as the “mineral planning”), and develop a roadmap for organizing effective implementation of programs/projects so as to effectively perform and achieve the objectives, tasks and solutions set forth in the planning.
- Concretize schedule/steps and resources for implementing programs/projects in order to formulate policies and solutions for attracting social resources in implementing the planning.
- Assign specific tasks to Ministries, central-government authorities and local governments, especially in dealing with, or reporting to competent authorities for dealing with, mechanisms and/or policies-related difficulties that arise during the planning implementation.
- Study and focus on resolution of difficulties and obstacles to implement urgent and important projects/works included in group of prioritized projects/works such as national defense and security works, infrastructural construction works, traffic works, etc., especially public investment projects, projects funded by social resources, projects on renovation and upgrading of infrastructure facilities to serve local socio-economic development.
(2) Requirements
- The Plan for implementation of the mineral planning must ensure feasibility and efficiency; comply with and inherit resolutions, strategies, action programs, sectoral plannings and plans for implementation of approved sectoral plannings;
- Ensure feasibility and flexibility in implementing projects in each period which should be appropriate to the national context and resources.
- Demonstrate the assignment of tasks and close cooperation between relevant authorities in the implementation of the mineral planning.
What are the regulations on management of resources in Plan implementation of Planning for exploration, extraction, processing and use of minerals in Vietnam?
Pursuant to subsection 4, Section II of Plan implementation of Planning for exploration, extraction, processing and use of minerals for 2021-2030 period, with a vision by 2050 enclosed with Decision 333/QD -TTg 2024, there are regulations on management of resources in solutions and resources for implementing the mineral planning are as follows:
- Increase quality of surveys, exploration and assessment of resources and their reserves..
- Fully make statistical reports on and publicly announce data on extraction, processing and loss of resources, and establish mineral resource database as soon as possible to share information serving the performance of resources planning and management tasks.
- Prioritize the issuance of license to mine ores for meeting material demands for deep processing projects in which the investment has been completed/is in progress/will be made in association with orientations to use raw materials from ores, and ensure their compliance with regional/local master plannings and socio-economic development plannings;
Prioritize exploration, expanded opencast mining and in-depth mining of in-progress mining projects to improve investment efficiency.
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