Phnom Penh: The Ministry of Mines and Energy announced the implementation of the 2026 Mineral Fund to Support Local Community Development and the use of mineral funds to contribute to the development of local communities on nearly 50 projects with a budget of over 5 million USD.
According to a press release from the Ministry of Mines, for 2026, the ministry approved the use of funds on 48 projects with a total budget of over 5 million USD ($5,695,563.20) in 46 communes in 10 provinces.
The press release states that in conducting mining operations, all companies and entrepreneurs are obliged to pay the state mining royalties and other financial obligations as stipulated in the laws and legal regulations in force. In addition to this obligation, companies and entrepreneurs must pay the Mining Fund to Support Local Community Development, which the Ministry of Mines established in 2015 with the aim of contributing to the development of communes and communes where mining sites are located. The funds paid into the fund are proportional to the volume of mineral production that the mining company has conducted.
The announcement said that the mineral fund is allowed to be used in the local community area where the mining site is located and can be used in the neighboring area of the mining site through a direct request from the commune administration where the mining site is located.
Please note that from 2015 to 2025, the Ministry of Mines has approved the use of the fund on 144 projects with a total budget of more than 9 million VND ($9,712,880.44).
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