Vietnam: Compositions of the mineral extraction right auction invitation

Specifically, according to Article 15 of Decree No. 22/2012/NĐ-CP of Vietnam’s Government, based on approved annual plans on mineral extraction right auction, the General Department of Geology and Minerals of Vietnam and provincial Services of Natural Resources and Environment shall make the mineral extraction right auction invitation. A mineral extraction right auction invitation must contain the following primary contents:

- Names of the minerals, location of the mineral area put up for auction;

- The scheduled place and time of the auction;

- The basic geological and mineral information; mineral extraction conditions of the area put up for auction; methods of information reference, the current infrastructural conditions and the land use in the mineral area put up for auction;

- The reserve price and deposit;

- The standards of bidder dossier evaluation;

- The forms required in a bidder dossier (application for auction attendance; basic economic-technical requirements, etc.).

Note: For mineral extraction right auction in an area with mineral exploration results, the agency that makes the auction invitation specified in Clause 1 of this Article shall on the written request for the specifications of the mineral extraction technology, intensive processing and use of minerals, including:

- The minimum requirements for the methods, technology and equipment of mineral extraction and processing;

- The minimum requirements for mineral quality after mineral extraction and processing;

- The purposes and addresses of post-extraction mineral use in order to supply to mineral processing projects stated in the planning for extraction and utilization of the same kind of mineral approved by competent State agencies.

View details at Decree No. 22/2012/NĐ-CP of Vietnam’s Government, effective from May 15, 2012.

Le Vy

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