According to the document of the People's Committee of Ha Tinh province, the Provincial Police Department is assigned to preside over and coordinate with the Provincial Inspectorate, Department of Justice, Department of Natural Resources and Environment, Department of Finance and the People's Committees of Thach Ha, Huong Khe districts and Ky Anh town to review and inspect the auction of mineral exploitation rights for common construction materials in the first phase of 2024.
The issuance of the above document, according to the People's Committee of Ha Tinh province, is to implement the Central Government's direction on strengthening state management of mineral exploitation rights auctions.
Speaking to Lao Dong Newspaper reporter, Mr. Nguyen Anh Son - Deputy Head of Minerals Department, Department of Natural Resources and Environment of Ha Tinh province confirmed that Ha Tinh Provincial Police are inspecting the first mineral auction in 2024.
Regarding the issue of Trong Tin Company, which was established just a few weeks ago, winning the auction for 3/4 of the mineral mines at an “astronomical” price, are their capacity and experience records guaranteed? Mr. Son said that during the process of evaluating the records, Trong Tin Company had all the required documents and self-introduction records, so the evaluation team approved it.
Regarding the enterprise's capacity, experience and ability to mobilize capital, Mr. Son said that the appraisal team only looks through the documents, and if they are complete and valid, they will approve them, but they do not have the function of examining and verifying them in practice.
According to Mr. Son, the winning price of the 4 mineral mines auction this time is not too high. In 2021, Ha Tinh had organized an auction and the winning price of some mines was many times higher than the starting price.
Previously, on October 30, the Department of Natural Resources and Environment of Ha Tinh province reported on the organization of the auction and proposed to recognize the winning results of the auction of mineral exploitation rights for 4 mineral mines that had just organized the first auction in 2024 (auction on October 21).
According to this report, the organization of mineral mine auctions was carried out in accordance with regulations.
As a result, Trong Tin Real Estate Investment and Construction Joint Stock Company won the auction of 3 mineral mines including: Ngoc Son 1 landfill mine (Ngoc Son commune, Thach Ha district), area 8.63ha; brick and tile mine in Ha Linh commune (Huong Khe district), area 20.65ha; sand mine in Cup Bau area (Ky Phuong ward, Ky Anh town), area 49.68ha.
An Binh Construction and Transport Trading Company Limited won the auction for the Luu Vinh Son 1 landfill (Luu Vinh Son commune, Thach Ha district), area 17.28ha.
According to the preliminary assessment results of forecasted resources, the starting price and winning auction price of the above 4 mineral mines are tentatively estimated 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 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).
