Inventory of Business Licenses

General information
Name of formality	Certificate of Approval for Economic-Technical Feasibility Study
Type of formality	Certificate
Date of last modification	03.10.2017
Responsible Authorities	Mine Management Department
LSIC	B - Mining and quarrying
Who should complete this business formality?	Any legal entity who has completed mining prospecting and exploration, as well as completed an economic-technical feasibility study, that intends to conduct mining activities or enter into a mining development contract with the government.
Qualifications needed by the business to get the formality	1. Must complete mining prospecting and exploration. 2. Prepare the economic-technical feasibility study in accordance with the Instruction on the Approval of the Detailed Economic-Technical Feasibility Study on Mining Projects No. 1107/MOEM, dated 16 June 2014.
Additional Comment	The report shall be submitted in 1 electronic copy and 2 hard copy, attached with all the relevant supporting documents.

LEGAL FRAMEWORK
Name	Number	Date	Comment
Presidential Ordinance on Fees and Service Fees	003/PO	26.12.2012	Artcile 20
Order endorsing and approving the Mining Department Instruction on Feasibility Study	1107/MOEM	16.06.2014
Law on Mineral (Amended)	31/NA	03.11.2017	Article 58 and Article 59

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Economic-Technical Feasibility Study	Confirmative act

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

LIST OF ATTACHED DOCUMENTS FOR FIRST TIME APPLICATION
Type of document	Document Name
Example of resolution	Example of the DFS Approval
Department Guideline	DFS Writing Guideline

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority	Mine Department, Ministry of Energy and Mines
Processing Time (Day(s))	120	The Ministry of Energy and Mines shall approve the economic-technical feasibility study no later than 120 days from the date of receiving the accurate and complete study. In the case of approving the report, the Ministry of Energy and Mines shall submit it to the government for consideration through the Ministry of Planning and Investment.

 

RENEWAL INFORMATION
Does the formality have a validity or an expiration date?	YES
How long will the formality be valid for? (in months)	0
What is the process and conditions to get the formality?
What is the process and conditions to renew the formality?	- The validity of the certificate depends on the economic-technical feasibility study - The feasibility study's validity does not exceed 2 years, and it can be renewed once but not more than 1 year. (Article 59 of the Law on Mines). - In case the investor has carried out mining and processing activities until the end of the contract, but there are still economic minerals left; The company has the right to request to extend the project with the government, but it requires another economic-technical feasibility study. If there are still economic minerals, the Ministry of Energy and Mines will submit it to the government through the Ministry of Planning and Investment to consider the renewal of the contract and the grant.

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	0.00	500000.00	0.00	500000.00
Comments	According to the information on the amendment of Ordinance No. 003/PO, Article 20. The service fee for research, inspection, and approval of economic and technical feasibility study depend on the project cost, which is as follows: 1. Less than 1 billion LAK = 1% of investment cost, 2. More than 1 billion LAK to 10 billion LAK = 13,000,000 LAK, 3. More than 10 billion LAK to 500 Billion LAK = 17,000,000 LAK, and More than 500 billion LAK = 20,000,000 LAK.

 

RENEWAL FEES
Has renewal fees?	Service fees	Certificate fees	Renewal fees	Total renewal fees
YES	0.00	500000.00	0.00	500000.00
Comments	According to the information on the amendment of Ordinance No. 003/PO, Article 20. The service fee for research, inspection, and approval of economic and technical feasibility study depends on the project cost, which is as follows: 1. Less than 1 billion LAK = 1% of investment cost, 2. More than 1 billion LAK to 10 billion LAK = 13,000,000 LAK, 3. More than 10 billion LAK to 500 Billion LAK = 17,000,000 LAK, and More than 500 billion LAK = 20,000,000 LAK.

   

REQUIRED DOCUMENTS
Document Name	Comment
Economic-Technical Feasibility Study

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016	6	1
2017	7	0
2018	7	0
2019	1	0
2020	1	1