Trong Tin Manh Real Estate Investment and Construction JSC won the auction for a sand mine by spending more than VND100 billion, even though the starting price was only VND10 billion. In addition, this company also won the auction for two other land mines.
Recently, Minh Nhat Joint Stock Auction Company (Ha Tinh) coordinated with the Department of Natural Resources and Environment of Ha Tinh province to organize the first auction of mineral exploitation rights for common construction materials in 2024 with 4 mineral mines.
The mineral mines put up for auction include: Ngoc Son 1 landfill mine (Thach Ha district) with an area of 8.63 hectares, with an estimated reserve of 1,440,366m3; Luu Vinh Son 1 landfill mine (Thach Ha district) with an area of 17.28 hectares, with an estimated reserve of 2,770,811m3.
The brick and tile mine (Ha Linh commune, Huong Khe district) has an area of 20.65 hectares, with an estimated reserve of 2,279,711 m3 and the Cup Bau sand mine (Ky Phuong ward, Ky Anh town) has an area of 49.68 hectares, with an estimated reserve of 1,987,200 m3.
The auction had 22 participating businesses, with two forms of indirect and direct auction. Time from 7:00 to 17:00 on October 21.
As a result of the auction, two companies won the mining rights. Of which, Trong Tin Real Estate Investment and Construction JSC (located in Ha Tinh City) won the auction for 3/4 of the mines.
Specifically, the starting price for Ngoc Son 1 landfill to calculate the deposit is more than 1.8 billion VND (R=3%), with 112 price steps, Trong Tin Company won the auction with an amount of about more than 20 billion VND.
Cup Bau sand mine has a starting price of about 10 billion VND, (R=5%), Trong Tin Company won the auction with 117 bids, worth about more than 100 billion VND.
The brick and tile quarry in Ha Linh commune has a starting price of 7.5 billion VND (R=5%), Trong Tin Company won the auction with 65 bids, the amount is about 56 billion VND.
At the auction, An Binh Construction and Transport Company Limited (Thach Ha district, Ha Tinh province) won the auction for the Luu Vinh Son 1 landfill site at a price of about 47 billion VND. This site has a starting price of about 3.6 billion VND (R=3%).
Talking to VietNamNet reporter, regarding the sand mine with a starting price of about 10 billion VND, which was auctioned to over 100 billion VND, the leader of Minh Nhat Joint Stock Auction Company admitted that this sand mine was auctioned at a high price by the enterprise. The initial deposit of the sand mine was nearly 2 billion VND, if the procedures to take over the exploitation rights are not completed, the deposit will be lost.
Source: https://vietnamnet.vn/mo-cat-o-ha-tinh-khoi-diem-10-ty-duoc-dau-len-hon-100-ty-dong-2334289.html
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