Law No. 54/2024/QH15 on Geology and Minerals.
Country
Type of law
Legislation
Abstract
This Law on Geology and Minerals (Law No. 54/2024/QH15) provides a comprehensive legal framework for the management, exploration, production, and protection of geological resources and minerals. It prescribes geological reconnaissance, geological survey for minerals; protection of unextracted geological resources and minerals; mining-related activities; mineral recovery; mineral processing; finance related to geology, mining and auction of mineral production right; governance relating to geology and minerals on land, islands, internal waters, contiguous zones, exclusive economic zones, and continental shelves of the Socialist Republic of Vietnam.
The Law defines key concepts such as geological resources, geosites, strategic minerals, and mineral reserves, and outlines the responsibilities of the government, local authorities, organizations, and individuals. The law emphasizes sustainable development, environmental protection, and the efficient use of resources, while promoting transparency, public participation, and international cooperation. It also establishes principles for geological reconnaissance and mineral surveys, and sets out requirements, conditions and/or procedures for licensing, exploration, production, and mine closure.
The Law introduces classifications for minerals: Group I includes metal, energy, precious and semi-precious stones, and industrial minerals; Group II covers minerals used in cement, ceramics, glass, and refractory materials; Group III includes conventional construction materials, peat, mineral mud, natural mineral water, and geothermal springs; and Group IV consists of materials used for filling, foundation, and disaster prevention, such as clay, soil, sand, and gravel. This classification guides licensing, planning, and management.
The Law further regulates mineral salvaging, processing, and the use of land, water, and infrastructure in mining operations. It mandates environmental protection measures, mine closure planning, and the development of a national geology and mineral database. Financial provisions include licensing fees, cost recovery for state-funded exploration, and mineral production right auctions. The Government shall prioritize budget allocation, develop policies to attract investment in geological reconnaissance, mineral survey, and inspect, evaluate strategy, important minerals as per planning. The Law also details the rights and obligations of stakeholders, including mechanisms for dispute resolution.
The Law defines key concepts such as geological resources, geosites, strategic minerals, and mineral reserves, and outlines the responsibilities of the government, local authorities, organizations, and individuals. The law emphasizes sustainable development, environmental protection, and the efficient use of resources, while promoting transparency, public participation, and international cooperation. It also establishes principles for geological reconnaissance and mineral surveys, and sets out requirements, conditions and/or procedures for licensing, exploration, production, and mine closure.
The Law introduces classifications for minerals: Group I includes metal, energy, precious and semi-precious stones, and industrial minerals; Group II covers minerals used in cement, ceramics, glass, and refractory materials; Group III includes conventional construction materials, peat, mineral mud, natural mineral water, and geothermal springs; and Group IV consists of materials used for filling, foundation, and disaster prevention, such as clay, soil, sand, and gravel. This classification guides licensing, planning, and management.
The Law further regulates mineral salvaging, processing, and the use of land, water, and infrastructure in mining operations. It mandates environmental protection measures, mine closure planning, and the development of a national geology and mineral database. Financial provisions include licensing fees, cost recovery for state-funded exploration, and mineral production right auctions. The Government shall prioritize budget allocation, develop policies to attract investment in geological reconnaissance, mineral survey, and inspect, evaluate strategy, important minerals as per planning. The Law also details the rights and obligations of stakeholders, including mechanisms for dispute resolution.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No