Enterprise fined 280 million for violations in the field of minerals

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Accordingly, Decision No. 2558 / QD-XPVPHC dated October 23, 2020 of the Chairman of the People’s Committee of Yen Bai province sanctioned the administrative violation against Cmistone Vietnam Joint Stock Company for not making a request for mine closure at Chan Hung iron ore mine, Hung Thinh commune, Tran Yen district and Thac Ca iron mine, Mo Vang commune, Van Yen district of Yen Bai province.

Cmistone Vietnam Joint Stock Company has been granted two licenses by the People’s Committee of Yen Bai province, including: Mineral exploitation license No. 80 / GP-UBND dated 30/6/2011 to exploit at Chan Hung iron ore mine, Hung Thinh commune, Tran Yen district and License No. 81 / GP-UBND dated 30/6/2011 for mining at Thac Ca iron mine, Mo Vang commune, Van Yen district.

Both of these permits are more than 12 months overdue (specifically 6 years) but the Company still did not file a request for mine closure to the competent state authority for operations at the iron ore mine. Chan Hung and Thac Ca iron mine.

The Company violated at Point b, Clause 4, Article 49 of Decree No. 36/2020 / ND-CP dated 24/3/2020 of the Government, which has been more than 12 months since the date of expiration of the mineral mining license force without submitting mine closure proposal documents to competent state agencies according to regulations.

Cmistone Vietnam Joint Stock Company must strictly abide by the decision to sanction an administrative violation, if the time limit is over but the Company does not voluntarily comply, it will be coerced to comply with the provisions of law.

The decision of the Chairman of the People’s Committee of Yen Bai province to sanction administrative violations in the field of minerals for Cmistone Vietnam Joint Stock Company has demonstrated the determination and respect for the law; meeting the people’s aspirations and is also a measure to prevent and deter mining and mineral trading units in Yen Bai province.

Source: vietnamfinance.vn – Translated by fintel.vn