Ha Tinh withdraws licence of mineral exploitation project

The project to exploit iron in Ha Tinh central province was asked to stop due to the long delay (Source: http://english.vietnamnet.vn)

Ha Tinh (VNA) - The People’sCommittee of central Ha Tinh province has decided to withdraw the licence of aniron exploitation project that is yet to be implemented after nine years.

The project, developed by Ha Tinh Iron and SteelJoint Stock Company, was approved by the provincial People’s Committee nineyears ago with total investment capital of 158 billion VND (7.02 million USD).It covers 19 ha in Vu Quang district’s Son Tho commune.

The project, with designed capacity of 500,000tonnes of iron ore per year, is expected to generate jobs for thousands oflocal workers and help boost economic development of Vu Quang district.

However, after nine years, the project’sinvestor has still not begun execution of the project.

Local authorities, meanwhile, also decided towithdraw the land assigned for the project.

Authorities of Vu Quang district and Son Tho communewere requested to increase inspection and supervision to avoid any organisationor individual from illegally exploiting minerals at the project site.-VNA

VNA