In accordance with the 5 Year Work Plan for the Creation and Revision of Laws of the VIII National Assembly (2016-2020) No. 02/NA dated 27 April 2016, the Law on Minerals No. 02/NA (the “Law on Minerals”), dated 20 December 2011, is currently under revision.
Arion Legal attended the first Workshop on the Revision of the Law on Minerals held in Vientiane on 12 June 2017.
The amendments to the Law on Minerals aim to centralise the management of mineral resources and to develop the mining industry in an environmentally sound and sustainable manner; to encourage and support domestic and foreign investment in the mining industry in accordance with international best practice; to provide effective enforcement standards within the mining industry; to emphasise the importance of good mine closure and rehabilitation practices; to provide clear mechanisms for dispute resolution arising from mining activities; and to ensure the sustainability of the development of the mineral resource sector.
The current draft of the Revised Law on Minerals will be reviewed in workshops held in Savannakhet later this month and in Luang Prabang in early July 2017. The outcomes of these workshops will form the basis of the final version to be submitted to the Prime Minister’s Office for consideration at the end of July 2017.