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Posts Tagged ‘mineral’

Coal and mineral industry fetches VND70,000 billion in 2010 revenue

In Uncategorized on January 12, 2011 at 7:07 am

Coal and mineral industry fetches VND70,000 billion in 2010 revenue

QĐND – Sunday, January 09, 2011, 22:18 (GMT+7)

The Vietnam National Coal Mineral Industries Group (VINACOMIN) earned nearly VND70,000 billion in 2010 revenue, 11 percent more than in 2009, in which coal exports reached VND21,000 billion, up by 21 percent over 2009.

On January 8, VINACOMIN organised a conference to review business and production activities in 2010 and worked out the 2011 plan.

Despite facing a lot of difficulties due to the impact of the global economic crisis, VINACOMIN still perform well, carrying out its business plans. As a result, in 2011, VINACOMIN contributed more than VND8,000 billion to the State budget, 25 percent more than in 2009 while its mineral exploration hit VND2,500 billion, up by 31 percent; electricity production reached VND2,300 billion, up by 131 percent over 2009.

Asides from this, the group restructured its enterprises and production management while implementing key projects on mining, thermal-electric power and exploring new coal mines.

Last year, VINANCOMIN ensured job provision and stable incomes for more than 1.3 million workers with a monthly average salary of VND6 million each, 5 percent more than the level of the year before.

In 2011, the group will continue to implement measures to gain more than VND72,000 billion in revenue, apply advanced technology to increase production efficiency and reduce workplace accidents.

The group will also ensure social welfare for workers as well as adopt measures for sustainable environmental protection in its exploration process.

Source: VOV

Source: QDND

NA standing committee discusses mineral law

In Uncategorized on October 13, 2010 at 3:51 am

NA standing committee discusses mineral law

QĐND – Saturday, October 02, 2010, 20:19 (GMT+7)

Transferring rights to explore and exploit minerals topped the agenda at the 35th session of the National Assembly Standing Committee chaired by NA Vice Chairman Nguyen Duc Kien on October 1.

Discussions on the topic stemmed from the amended draft Law on Minerals.

Chairman of the NA Finance and Budget Committee, Phung Quoc Hien, said the definitions of mineral exploration, exploitation and processing were not clear in the draft law.

Chairman of the NA Committee for Culture, Education, Youth and Children, Dao Trong Thi, said the regulations for transferring mineral rights must be tightened and that it was crucial to have the Government involved in the deals to limit speculation.

Nguyen Van Thuan, chairman of the NA Legal Committee, agreed, saying companies should be required to meet specific criteria to be able to bid on projects or accept transfer rights.

NA Vice Chairman Uong Chu Luu said he disagreed with a regulation that would automatically give exploitation privileges to individuals and organisations that were licensed to explore for minerals.

He said this was an unfair regulation for other individuals and organisations, and suggested that rights for exploiting minerals should be auctioned.

However, Minister of Natural Resources and Environment, Pham Khoi Nguyen, said if there were separate auctions for mineral exploration and exploitation, there would be a shortage of companies involved in those activities.

To ensure contributions to the State budget from mineral activities, committee members agreed that companies and individuals who were licensed to explore for minerals must deposit a specific amount of money before beginning operations.

The same day, the NA Standing Committee heard a report on the settlement of voter petitions which was sent to the 7th session of the 12th National Assembly.

Head of the NA Ombudsman Committee, Tran The Vuong, said the NA had received 1,643 petitions. “Nearly 350 petitions have been settled by local administrations and the remainder have been sent to relevant authorities for their consideration and response,” Vuong said.

Members attributed the tardiness in settling voter complaints to shortcomings in issuing legal documents. They asked ministries and agencies to review documents guiding the Laws on Electricity, Health Insurance and Price Ordinance to amend and supplement any inappropriate clauses.

Source: VOV/VNS

Source: QDND

VN, Saudi Arabia to boost oil and gas, mineral cooperation

In Uncategorized on June 26, 2010 at 4:45 pm

VN, Saudi Arabia to boost oil and gas, mineral cooperation

QĐND – Saturday, June 26, 2010, 21:15 (GMT+7)

Prime Minister Nguyen Tan Dung on June 23 signed a decision to ratify a protocol inked between the governments of Vietnam and Saudi Arabia on cooperation in oil and gas and mining.

The protocol was signed in the Saudi Arabia’s capital city of Riyadh on April 10 during the State visit by President Nguyen Minh Triet.

The Decision No. 931/QD-TTg will take effect 45 days after its signing.

Source: VNA

Source: QDND