Master plan on exploration, exploitation, processing, use of mineral resources approved
Deputy Prime Minister Tran Hong Ha has signed a decision approving the master plan on exploration, exploitation, processing, and use of mineral resources for the 2021 – 2030 period, with a vision to 2050.
Hanoi (VNA)🍎 – DeputyPrime Minister Tran Hong Ha has signed a decision approving the master plan on exploration,exploitation, processing, and use of mineral resources for the 2021 – 2030 period,with a vision to 2050.
The master plan aims to closely manage, exploit, process and usemineral resources in an economical and effective manner, in line with thedevelopmental requirements of the economy, environmental protection and climate changeadaptation, towards the goal of achieving carbon neutrality. It is also meant topromote investment and establish a synchronous and efficient mining andprocessing industry with advanced technologies and modern equipment that alignswith the global trends. For minerals with significant reserves and strategic importancesuch as bauxite, titanium, rare earth, chromite, nickel, copper, gold, licensed mining enterprises must be fully capable and invest in appropriateprocessing projects that utilise advanced and eco-friendly technologies.
The master plan also advocates the synchronous and effective mining, processing and use of rare earth.
💛 In May, Deputy PM Ha also approved a geological and mineral strategy through 2030, targeting strategic mineralsacross Vietnam's mainland, coastal waters, and islands.
In terms of minerals, the strategy aims toreview and locate national mineral reserve areas, balancing between planned usedemand and long-term reserve for socio-economic development, defence andsecurity assurance, and environmental protection. Exploration activities willhave to comply with the planning, suitable to the potential of each type ofmineral.
♔ The mining industry will have to comply with theplanning, use advanced technologies and equipment, suitable to each potentialtype of mineral, and maximise the recovery of useful ingredients while ensuringenvironmental protection. For minerals with large and concentrated reserves,mining projects must be conducted while using advanced, eco-friendly technologyand modern equipment,
The strategy emphasises the research and useof advanced technologies in exploiting construction materials and ensuring thebalance and harmony between export and import, ensuring domestic demand, andsupplying raw materials for processing projects./.
Mineral resources are vital to the nation as they not only serve economic development purposes, but also hold the potential for reinvestment in and sustainable development of tourism, such as Dong Van Karst Plateau Geopark and Non Nuoc Cao Bang Global Geopark.
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Illustrative image (Photo: VNA) 
