In the Media
Lao Govt halts new mining projects, land concessions for tree farms
June 26, 2012
The government won’t consider any new investment proposals in mining or land concessions for rubber and eucalyptus plantations until December 31, 2015.
The slowdown will give the government time to review policies and assess the effectiveness of existing projects. The government will also speed up the survey and allocation of land to identify which areas are suitable for investment, and which areas should be preserved.
The government has approved 57 projects in the agriculture sector and signed memorandums of understanding with the investors of 13 projects covering an area of 132,000 hectares. The remaining projects have been given to investors for development, on an area of 297,000 hectares. The majority of these projects are rubber, eucalyptus and sugarcane plantations.
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Keywords: Asia, deforestation, Eucalyptus, land concession, Lao PDR, Laos, mining, plantations, rubber