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Mineral survey takes priority in new strategy
Prime Minister Nguyen Tan Dung has ratified the country’s mineral resources strategy for 2020 with a vision for 2030.
Under the strategy, investment priority will be given to conducting basic geological surveys on land and at sea to estimate the country’s mineral resources.
Exploration and extraction will be closely associated with processing and efficient use of the resources.
The strategy’s overall objective is to combine the sustainable extraction of resources with processing in order to produce products with high economic value.
Vietnam targets to terminate the production of all small mineral processing facilities and the use of pollution-causing and inefficient technologies.
The country is also determined to export only processed mineral resources of high value after 2020.
Key resources that the country wants to focus on are peat in the Red River Delta, bauxite and laterite in the Central Highlands, rare earth and zinc in the northwestern region, Viet Bac and central region, lithium and gold in the central part and light-coloured granite in the north.
For coal exploration and mining, work will be conducted 300m below the Quang Ninh, Thai Nguyen and Quang Nam coal basins. For mining in the Red River Delta, the strategy asks for the best options to ensure negative effects on socio-economic development are minimized while protecting the environment.
Gold exploration only with advanced technologies will continue in existing mines.
The Prime Minister has adopted an action plan to bring the strategy to life
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