Principles and Conditions for Granting a Mineral Mining License
1. The granting of a Mineral Mining License must comply with the following principles:
a) A Mineral Mining License shall only be granted in areas where no organizations or individuals are legally conducting mineral exploration or mining, and which are not within areas prohibited from mineral activities, temporarily prohibited areas, or areas reserved as national mineral reserves;
b) Mineral areas capable of being effectively mined on a large scale shall not be divided into smaller parts for the purpose of granting multiple Mineral Mining Licenses to organizations or individuals mining on a small scale.
2. Organizations and individuals granted a Mineral Mining License must meet the following conditions:
a) Possess an investment project for mineral mining in an area already explored, with reserves approved and consistent with relevant planning under the law on planning. The investment project must include a plan for using specialized personnel, equipment, technology, and advanced mining methods suitable for the mineral type; for hazardous minerals, written approval from the Prime Minister is additionally required;
b) Have an environmental impact assessment report or a commitment to environmental protection in accordance with the law on environmental protection;
c) Possess equity capital of at least 30% of the total investment capital of the mineral mining project.
3. Household businesses as prescribed in Clause 2, Article 51 of this Law are permitted to mine ordinary construction materials and conduct recovery mining of minerals when meeting conditions as prescribed by the Government.
Legal Basis:
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Article 53 of the Law on Minerals 2010
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Clause 12, Article 8 of the Law Amending and Supplementing a Number of Articles of 37 Laws Related to Planning 2018
