VIENTIANE (Xinhua): Mineral and mining projects in Laos cover over 7 million hectares throughout the country or over 30 per cent of the total land area.
Over 214 companies have invested in geoscience and mining, with over 300 activities, and 80 operators engaged in mining operations, Lao Youth Radio on Wednesday (Nov 25) quoted Minister of Energy and Mines Khammany Inthirath as saying.
Khammany added that there are currently 21 companies undertaking search operations, with 70 companies undertaking survey and exploration activities, and 43 firms conducting feasibility studies.
"The Lao government has allowed foreign and domestic investors to commence mining operations since 1990, with mineral resource deposits found at over 570 locations across the country," said Khammany.
The energy and mining sector has contributed over US$2 billion taxes over the last five years, with $1.2 billion from the energy sector, and $838 from the mining sector.
However, the Lao mining sector has seen a decrease of 18 per cent from 2016 to 2020, according to the figures provided by officials from the Ministry of Energy and Mines.
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