Quang Nam proposes investment policy for gold mining project at Bai Cao

The Department of Industry and Trade of Quang Nam province requested Phuoc Minh Company Limited to clarify in the document requesting the implementation of the investment project to exploit gold in the Bai Cao area whether silver (Ag) will be recovered during the mining and processing process or not?

The Department of Industry and Trade of Quang Nam province requested Phuoc Minh Company Limited to clarify in the document requesting the implementation of the investment project to exploit gold in the Bai Cao area whether silver (Ag) will be recovered during the mining and processing process or not?

An area in Tra Bui commune, Bac Tra My district, Quang Nam province. Photo: Linh Dan

Mr. Phan Thai Binh, Vice Chairman of the People's Committee of Quang Nam province, on behalf of the People's Committee of the province, has just proposed that the Standing Committee of the Party Committee of the Provincial People's Committee consider and submit to the Standing Committee of the Provincial Party Committee for approval of the investment policy for the project of exploiting original gold minerals in Bai Cao area, village 6, Tra Bui commune, Bac Tra My district of Phuoc Minh Company Limited so that the leaders of the Provincial People's Committee can carry out the procedures for approving the project investment policy according to their authority and regulations.

During the project implementation, the Provincial People's Committee will require Phuoc Minh Company Limited not to impact natural forests. In case of impact on forest resources and use of topsoil, permission must be obtained from competent authorities in accordance with the provisions of law.

Quang Nam Provincial People's Committee believes that the investment project to exploit original gold minerals in Bai Cao area, village 6, Tra Bui commune, Bac Tra My district ensures the conditions for approving the investment policy and approving the investor according to the provisions of the Investment Law 2020.

“When the project comes into operation, it will strengthen mineral management and environmental protection, contribute to limiting illegal gold mining in the mountainous areas of the province, create more jobs for local workers, and generate revenue for the budget,” said the People's Committee of Quang Nam province.

Recently, the People's Committee of Bac Tra My district organized an auction for mineral exploitation rights and approved the auction results in Decision No. 1206/QD-UBND dated April 3, 2020. Accordingly, Phuoc Minh Company Limited is the winning bidder, recognized by the People's Committee of this district.

This company was granted Mineral Exploration License No. 1717/GP-UBND by the Provincial People's Committee on June 26, 2020 with an area of 3.34 hectares and approved the original gold mineral reserves in the Mineral Exploration Results Report in Decision No. 740/QD-UBND dated March 22, 2021, with the approved level 122 original gold mineral reserves of 102.19 kg Au, and the accompanying silver mineral reserves of 790.8 kg.

According to the opinion of the Department of Agriculture and Rural Development of Quang Nam province in Official Dispatch No. 209/SNN&PTNT-CCKL dated January 22, 2025, through comparing the project implementation boundary with the Thematic Diagram (Development Plan for three types of forests) in the Provincial Planning dossier for the period 2021-2030, with a vision to 2050 provided by the provincial planning consultancy unit on December 9, 2024, the project scope of 3.34 hectares is determined to be outside the forestry planning.

However, the Department of Industry and Trade of Quang Nam province requested the project owner to clarify in the project implementation proposal whether silver (Ag) will be recovered during the mining and processing process or not?

The agency also requested the project owner to clarify the generation, management and protection of tailings after the metal separation process; requested the project owner to clarify whether the products and services provided to the market include gold and silver; stated the parameters, specifications and quality of the expected products; requested the project owner to have a plan to ensure safety in the transportation, management and use of industrial explosives and chemicals in accordance with current legal regulations...

Meanwhile, regarding the investor's responsibility, the Department of Planning and Investment of Quang Nam province proposed that the Provincial People's Committee require Phuoc Minh Company Limited to absolutely not impact forest resources without permission from competent authorities according to the law on land, forestry, and minerals; to be responsible for any incidents that occur during the construction and operation of the project according to regulations...

According to the Department of Planning and Investment of Quang Nam province, the Gold Mining Project in Bai Cao area, village 6, Tra Bui commune, Bac Tra My district, Quang Nam province is subject to the Provincial People's Committee's approval of investment policy and approval of investors according to the provisions of Point d, Clause 4, Article 29 and Point a, Clause 1, Article 32 of the Investment Law 2020.

Source: https://baodautu.vn/batdongsan/quang-nam-de-xuat-chu-truong-du-an-dau-tu-khai-thac-vang-goc-tai-bai-cao-d246379.html