VIENTIANE (Laotian Times): A recent meeting held by the Ministry of Energy and Mines of Laos in Xieng Khouang province highlighted an alarming trend of mining companies operating without having undertaken proper feasibility studies.
Chaired by Khamphai Kupokham and co-chaired by Mr. Thongphet Chanthavong, the meeting focused on mining investment in Xieng Khouang province.
A detailed report presented during the meeting indicated that out of the 54 companies conducting mining activities, only a small number had carried out comprehensive feasibility studies.
The lack of such studies is particularly concerning in the case of experimental mining projects, as critical aspects like mining plans, processing methods, distribution strategies, and environmental protection measures have not been adequately addressed.
The Mines Management Department under the Ministry of Energy and Mines has already assessed the classification of mining projects issued at the central level. While many companies have demonstrated efficient coordination with relevant state departments, there is a noticeable discrepancy between companies that are performing well and those failing to adhere to regulations.
In response, these non-compliant projects have received warnings, urging them to rectify their shortcomings and ensure full compliance with regulations.
The absence of feasibility studies not only raises doubts about the viability and sustainability of mining operations, but also leaves room for potential environmental damage.
Without proper plans in place, companies may struggle to manage and mitigate the adverse effects of their activities, including mine closures. - Laotian Times