On November 2, news from the Department of Natural Resources and Environment of Ha Tinh province said that after receiving instructions from the Provincial People's Committee, the Department has just reported on the organization of the auction and proposed to recognize the results of the auction of mineral exploitation rights for 4 mineral mines that have just organized the first auction in 2024.
Four ballot boxes containing auction participation documents of four mineral mines were sealed under the witness of representatives of the Department of Natural Resources and Environment, the Department of Justice and two representatives of the organizations submitting auction participation documents.
Attending and supervising the live auction were representatives of the Department of Natural Resources and Environment and the departments of Justice, Finance, Construction, Planning and Investment, the Provincial Police and the People's Committees of Ky Anh town, Thach Ha district, and Huong Khe district - where the mineral mines were auctioned.
As a result, Trong Tin Real Estate Investment and Construction Joint Stock Company won the auction for the right to exploit 3 mineral mines: Ngoc Son 1 landfill mine, Ngoc Son commune, Thach Ha district, area 8.63 ha; brick and tile mine in Ha Linh commune, Huong Khe district, area 20.65 ha; sand mine in Cup Bau area, Ky Phuong ward, Ky Anh town, area 49.68 ha.
An Binh Construction and Transport Trading Company Limited won the auction for the mineral exploitation rights for the Luu Vinh Son 1 landfill mine, Luu Vinh Son commune, Thach Ha district, area 17.28 ha.
According to the Department of Natural Resources and Environment of Ha Tinh, after the unit that wins the auction for the right to exploit minerals organizes the exploration and has the Provincial People's Committee approve the mineral reserves, the reserves, type of minerals, and quality of minerals can be officially determined to determine the price for calculating the right fee.
Based on these two parameters, the auction winning price for mineral exploitation rights can be determined.
However, according to the preliminary assessment results of forecast resources, the starting price and the estimated winning auction price are as follows: Ngoc Son 1 landfill has a starting price of nearly 1.9 billion VND, the winning auction price is about 23.257 billion VND.
The starting price of Luu Vinh Son 1 landfill is 3.483 billion VND, the winning bid is 49.5 billion VND.
Cup Bau sand mine has a starting price of 9.5 billion VND, the winning auction price is 134.152 billion VND.
Regarding financial capacity to conduct mineral exploration, Trong Tin Company has equity of 5 billion VND and has won the auction of 3 mineral mines, including 2 soil mines and 1 sand mine with a total estimated project cost of 4,042 billion VND for the exploration of the 3 mines.
According to the law, a company with equity capital of at least 50% of the total exploration budget meets the equity criteria. Based on the equity capital of Trong Tin Company, it has ensured the equity conditions to conduct exploration of all 3 mines (meeting over 100% of the total exploration budget).
Also according to the Ha Tinh Department of Natural Resources and Environment, after winning the auction, Trong Tin Real Estate Investment and Construction Joint Stock Company sent a document requesting the Department to guide the next steps so that the company can soon complete all procedures to proceed with mining.
