Attending the auction of mineral exploitation rights were Mr. Nguyen Truong Giang - Director of the Vietnam Mineral Resources Department, Chairman of the Mineral Exploitation Rights Auction Supervision Council, Mr. Tran Phuong - Deputy Director of the Vietnam Mineral Resources Department, Vice Chairman of the Council and members of the Council approved under Decision No. 3857/QD-BTNMT dated December 14, 2023 of the Ministry of Natural Resources and Environment.
Speaking at the opening of the auction, Mr. Tran Phuong - Deputy Director of the Vietnam Minerals Department said: Implementing the provisions of the law on minerals and the direction of the Prime Minister in Directive No. 02, Directive No. 38, in the past time, the Ministry of Natural Resources and Environment has strengthened the work of licensing mineral activities through auctioning mineral exploitation rights.
With the spirit that the auction of mineral exploitation rights must ensure independence, honesty, publicity, transparency, fairness and objectivity, Deputy Director Tran Phuong requested that the members of the Mineral Exploitation Rights Auction Supervision Council work with a high sense of responsibility, and that the Auctioneer conduct the auction in accordance with the provisions of the law on asset auction, the law on minerals and the auction regulations.
Regarding investors participating in the auction, Mr. Tran Phuong requested that investors participating in the auction carefully study the auction regulations, auction room regulations, and bidding methods that have been sent with the invitation to participate in the auction to participate in the auction and bid in accordance with regulations... Investors should consider, consider, and carefully study the documents related to the decision on an appropriate and feasible bid level when implementing the investment and exploitation project, contributing to the success of today's auction.
For the iron mine in Bo Lech and Hao Lich areas, Hoang Tung commune, Hoa An district, Cao Bang province, the auction area has an area of 55.9 hectares, not in the prohibited area, temporarily prohibited from mineral activities and has been agreed by the People's Committee of Cao Bang province on the policy of implementing the auction in Official Dispatch No. 2550/UBND-CN dated October 14, 2020. The starting price is: R = 2% (R is the level of collection of fees for granting mineral exploitation rights).
At the end of the auction for the mineral exploitation rights for the iron mine in Bo Lech and Hao Lich areas, after 3 rounds of auction, Nhan Joint Stock Company located at Alley 153, Group 9, Phan Dinh Phung Ward, Thai Nguyen City, Thai Nguyen Province won the auction. The winning price was R = 2.8%, 1.4 times higher than the starting price.
For the white sand mine in Phan Ri II area, Hoa Minh commune, Tuy Phong district, Binh Thuan province, the auction area has an area of 29.4 hectares, is not in the prohibited area, temporarily prohibited from mineral activities and has been agreed by the People's Committee of Binh Thuan province on the policy of implementing the auction in Official Dispatch No. 743/UBND-KT dated March 3, 2020. The starting price given is: R = 2%.
At the end of the auction for the right to exploit minerals for this white sand mine, after 4 rounds of auction, Binh Thuan Construction Materials and Minerals Joint Stock Company located at 33 Tu Van Tu, Phu Trinh Ward, Phan Thiet City, Binh Thuan Province won the auction. The winning price was R = 2.8%, an increase of 40% compared to the starting price.
Auction of mineral exploitation rights is a mechanism in line with market principles, creating a healthy, fair and transparent competitive environment among investors when participating in mineral activities. Through auction, investors with financial capacity, technology, and management experience have been selected to participate in mineral exploitation activities, creating positive changes in the licensing of mineral activities.
According to Ms. Le Viet Nga - Executive Director of National Joint Stock Auction Company No. 5, the unit has carried out the auction according to regulations. The steps to prepare for the auction comply with the provisions of the Law on Property Auction 2016; the Law on Minerals 2010 and guiding legal documents.
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