Laos puts break on mining, plantation investments

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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[caption id="attachment_3608" align="alignleft" width="162"] Sapphire mining in Laos[/caption] 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
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1 COMMENT

  1. Receiving complaints about projects encroaching on villagers’ land and causing environmental problems. This is what happens when there are no regulations and proper consultations about investing.

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