Law on Minerals No. 02/NA (Revised Version).

This Law, consisting of twelve Parts, establishes the Revised version of Law on Minerals. It defines the principles, regulations and measures regarding the management, protection, utilization of minerals and mineral resources and the inspection of minerals activities, with the aim of ensuring prospecting, exploration, mining and processing of minerals to have high efficiency in conjunction with environmental protection, and consistent with the National socio-economic development plan in order to create conditions for gradual economic growth, industrialization, and progressive modernization, sustainable mineral development, improving the standard of living of all ethnic groups. It establishes that all minerals that occur at the surface or under land or water, are the property of the National community and are subject to the centralized and unified management of the State throughout the country. The State has periodically a policy to carefully select domestic and foreign enterprises for investment in minerals and mining industry, based on the technical and financial capability, aiming to promote rural development and poverty eradication by establishing strategy, policies, regulations and measures such as: policies on duties, taxes in accordance with regulations, providing of information and other facilitation. The Act also applies to mineral water abstraction.
The Law is divided as follows: General provisions (I); Minerals (II); Mineral Activities (III); Mineral Business (IV); Safety and Environment (V); Rights, Duties and Obligations of the Minerals Business Operators (VI); Government's Share (VII); Prohibitions (VIII); Dispute Settlement (IX); Management, Monitoring and Inspection of Mineral and Mining Activities (X); Awards and Sanctions (XI) and Final provisions (XII).