The Lao Ministry of Power and Mines has briefly suspended the issuance of recent mining licenses, efficient 28 February, with a view to enhance the rules governing the commerce of minerals and mineral merchandise.
This suspension goals to reinforce management over the mining sector, stop unlawful actions, and higher defend sources.
To this finish, the federal government is reviewing present legal guidelines to make sure stricter oversight and higher {qualifications} for companies coming into the market. New rules shall be utilized as soon as accredited.
Based on the License to Present Companies Associated to the Mining Enterprise doc issued in 2020, people eligible to use for a license should submit an software for approval in accordance with the rules outlined within the Funding Promotion Act of 2012.
Moreover, those that have already been granted a mining license underneath a concession settlement will routinely obtain a license to purchase and promote minerals and mineral merchandise upon request.
The transfer follows earlier actions, such because the momentary shutdown of Lao-Xinlong Mining Firm in Pak Bang District, Oudomxay Province, in 2022 resulting from security violations.
Concerning this problem, the federal government is actively reviewing and bettering rules as a part of its ongoing efforts to reinforce governance and growth on this space.
