Laos puts break on mining, plantation investments

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Sapphire mining in Laos

The government of Laos will not allow any new investments in mining or grant further land for rubber plantations until 2015, amid concerns about its environmental and social impact on local communities, Lao state media announced on June 26.

According to the Minister of Planning and Investment, Somdy Duangdy, the decision was made after receiving complaints about projects encroaching on villagers’ land and causing environmental problems.

The Vientiane Times reported that the government will examine existing investment policies and assess ongoing projects.

“In the  future, before approving any more projects, we will ensure that a thorough survey and allocation of land is undertaken”, the minister was quoted as saying.

According to the paper, the Lao government has approved nearly $25 billion of mostly foreign investment since 1998, concentrated in the mining, hydropower and agricultural sectors and mainly originating from China.

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Reading Time: 1 minute

Sapphire mining in Laos

The government of Laos will not allow any new investments in mining or grant further land for rubber plantations until 2015, amid concerns about its environmental and social impact on local communities, Lao state media announced on June 26.

Reading Time: 1 minute

Sapphire mining in Laos

The government of Laos will not allow any new investments in mining or grant further land for rubber plantations until 2015, amid concerns about its environmental and social impact on local communities, Lao state media announced on June 26.

According to the Minister of Planning and Investment, Somdy Duangdy, the decision was made after receiving complaints about projects encroaching on villagers’ land and causing environmental problems.

The Vientiane Times reported that the government will examine existing investment policies and assess ongoing projects.

“In the  future, before approving any more projects, we will ensure that a thorough survey and allocation of land is undertaken”, the minister was quoted as saying.

According to the paper, the Lao government has approved nearly $25 billion of mostly foreign investment since 1998, concentrated in the mining, hydropower and agricultural sectors and mainly originating from China.

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