Lâm Đồng mining project proposes VND 520.5 billion investment

Vietnam National Coal and Mineral Industries Group (Tập đoàn Công nghiệp Than - Khoáng sản Việt Nam, or TKV) has proposed a mining project in Lâm Đồng covering about 6,666.42 hectares, with an estimated total investment of VND 520.5 billion. On the morning of November 10, Lâm Đồng Vice Chairman Nguyễn Bá Út chaired a meeting with relevant agencies, local authorities and the company to discuss the review of the project's investment proposal and outstanding issues.

Illustrative image of a mining project.（VietVance）

The project spans several communes and wards. The planned mining area covers about 5,269 hectares and the ore processing plant about 50 hectares. Tailings reservoirs, water storage facilities, transport routes and supporting works are also proposed. The project is expected to supply about 3 million tonnes of processed ore annually to an existing production facility in Nhân Cơ. Its proposed operating term is 30 years, starting from the date the investor receives a decision on land allocation, a land lease or a change in land use.

Under the company's proposed schedule, legal procedures, investment preparations and land clearance would take place from the fourth quarter of 2026 through the fourth quarter of 2027. Construction is planned to begin in the first quarter of 2028, with completion and operations expected in 2029. An initial review found that the project is included in relevant mineral development plans and Lâm Đồng's revised provincial plan, but urban and rural plans in the affected localities still need further review and updating.

Preliminary estimates indicate that, once operational, the project is expected to contribute about VND 500 billion a year to the state budget and provide about 800 jobs during construction and operation. The local industry and trade department said mineral exploration and extraction should be linked to deep processing. It recommended that the provincial government seek the Ministry of Industry and Trade's opinion on relevant matters before considering investment approval.

Nguyễn Bá Út called for a comprehensive assessment of the project's effects on the ecosystem, environment, residents' lives and social welfare, as well as thorough communication with people in the project area. Relevant agencies must also verify the land requirements for each component, alignment with planning documents and legal procedures, then complete the project documents before reviewing the proposal in accordance with the law.

Source: VietVance