On 11/15/2018, the Ministry of Natural Resources and Environment issued Circular No. 23/2018/TT-BTNMT regulating the organization of determining, appraising and approving the results of determining the cost of the mineral potential assessment. minerals and exploration costs must be reimbursed by the State for investment. This Circular takes effect from August 8, 2019.
Accordingly, the determination of the cost of mineral potential assessment and mineral exploration costs to be returned by the State has been invested in the following process:
(1) Collect data and documents:
Collect reports and assess mineral potentials; reports on property exploration; decisions approving mineral reserves; results of conversion of mineral reserves; mineral exploration and exploitation permits;
(2) Actual survey
– Check the actual accuracy of the location of the constructed geological works, factors related to the construction conditions of geological works;
– Check mineral status;
– At the end of the survey, the unit determines the reimbursement cost to make the actual survey minutes.
(3) The unit of reimbursement of expenses for reimbursement shall make a report on the results of determining the potential for mineral prospecting and the cost of mineral exploration to be returned to the State for investment;
(4) Technical meeting to review the legal basis, method of determining reimbursement costs; the volume of geological work items, the application of economic-technical norms, unit prices and mineral reserves;
(5) Council meeting to evaluate results of determination of reimbursement costs;
(6) Submit to the competent State management agency to approve the results of determining reimbursement costs;
(7) Notice of results of determination of reimbursement costs.
Thus, it can be seen that this regulation will effectively guide the State management agencies and non-business units to determine, collect, manage and use the reimbursement of assessment costs. mineral potential, mineral exploration costs of the State. At the same time, expressing the State’s interest in the field of exploration and potential assessment and strict management of mineral exploitation, limiting indiscriminate exploitation, leading to depletion of the nation’s mineral resources.