Recently, The Inspectorate General of Finance, responded to People and Nature Reconciliation (PanNature), Vietnam Mining Coalition’s coordination unit, about the coalition’s petition to stop Thach Khe iron mine project, sent to leadership of the party, the national essembly, the government and ministries, boards and branches on January 17th, 2019.
Based on the results of field research and survey combined with expert consultation in the mineral field, on January 17th 2019, Vietnam Mining Coalition sent a petition about stopping the iron mine project and closing the mine in Thach Khe to leadership of the Communist Party, the National Essembly, as well as relevant ministries, boards and branches of Vietnam’s government.
In order to introduce the Resource Management Index and assessment results on minning industries in 2017, discuss the current situation and efforts to innovate the effective governance model of Vietnam's mining industry, 30 January, Vietnam Mining Coalitionand and PanNature in collaboration with the Natural Resource Governance Institute (NRGI) to organize the workshop “Promoting Effective Governance of the Mining Industry” to promote effective governance of the mining industry in Vietnam.
Experts have warned that excessive mining could lead to the disappearance of titanium from Vietnam, for the resource is not abundant as many have thought. Local pundits gathered at a conference in Phan Thiet City, located in the south-central province of Binh Thuan, on Saturday morning to discuss the exploitation and consumption of titanium in the Southeast Asian country. During the gathering, which was organized by the Vietnam Union of Science and Technology Associations (VUSTA) and the provincial People’s Committee, multiple issues in the mining of the resource in Binh Thuan were pointed out.
At a conference held by PanNature at the end of last month, experts said that budget collections from mineral mining activities were not proportional to the exploitation scales. Statistics of the Ministry of Finance revealed that natural resources exploitation (excluding oil) contributed merely between 0.9 per cent and 1.1 per cent to the State budget from 2011 to 2015.
Tax collected from the mining of natural resources, excluding crude oil, accounted for between 0.9 – 1.1 percent of the total state tax collections in the 2011-2013, according to the Ministry of Finance. The amount is a far cry from the scale of exploitation activities, said delegates to a workshop held by People and Nature Reconciliation (PanNature) on May 13.