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Improving the economic efficiency of the mining industry

On March 20, 2013, in Binh Dinh, the People’s Committee of Binh Dinh, People and Nature Reconciliation (PanNature) and Consultancy on Development Institute (CODE) have jointly organized the workshop on “Revenue management measures and improvement of the economic efficiency of the mining industry.” This is an opportunity for managers and experts to share experiences and methods for management of revenues from mineral resources in the world, discuss the cooperation to develop a revenue management model for mining activities in Binh Dinh, and propose policies for better governance of mineral resources at the national level.

titanium-miningTitanium mining in Binh Dinh.

It is known that Binh Dinh has abundant mineral resources. To date, the province has identified 24 kinds of mineral with 154 mines. The minerals with potential, both in terms of volume and quality, are titanium, building stone and hot mineral water. Each year, the revenues from resource and environmental charges of Binh Dinh are up to hundreds of billions of VND. However, a recent study of the Consultancy on Development Institute (CODE) has pointed out a number of shortcomings, in economic efficiency and revenue management, in mining activities in Binh Dinh that need to be addressed.

Source: MONRE

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