Nghe An to auction 10 mineral mines

The People's Committee of Nghe An province has approved a plan to auction mining rights for 10 mineral mine areas located in Hoang Mai town, and the districts of Nam Dan, Thanh Chuong, Tan Ky, and Quy Hop.

These mine areas have not yet undergone exploration or assessments for reserves and quality, and the auction is scheduled to take place in the second quarter of 2025.

According to the People's Committee, the auction aims to ensure efficient, reasonable, and sustainable management and exploitation of mineral resources, while increasing economic efficiency and minimizing environmental impacts.

Additionally, the initiative seeks to unlock the potential of mineral resources, attract investment, enhance resource utilization, and boost revenue for the state budget.

Furthermore, the auction will play a crucial role in curbing illegal mineral exploitation, which often leads to resource wastage, environmental pollution, and social security disruptions.