While Laos PDR appears from its geological structure to have unexploited mineral potential, its mining sector is now very small and of little, although growing, economic importance. The prospects for mineral development depend on the physical mineral potential and geological potential. This report attempts to: (a) establish priorities for promotion of specific minerals based on their geological potential and commercial and financial viability; (b) evaluate and improve the existing legal and regulatory framework to make it more conducive to foreign investment; (c) propose measures to actively promote the mineral sector among foreign investors; and (d) assess the possible impact for the country of additional mining sector development. The report concludes that the best and most easily accessible potential for mineral development is in some medium- to high-value minerals for export. The recently introduced foreign investment code provides a generally conducive framework for foreign investment. However, a mining code is needed to address the specific requirements of mining regulations. Finally, the report concludes that, even with few ventures resulting from this new mining policy, the contribution of the sector to the economy could become considerably more important than it is now.
Details
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Document Date
1989/09/20
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Document Type
Pre-2003 Economic or Sector Report
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Report Number
8071
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/06/12
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Disclosure Status
Disclosed
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Doc Name
Laos - Mineral sector assessment
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Keywords
Mining;foreign investor;mineral potential;legal and regulatory framework;iron ore;large amount of capital;private sector investment activities;precious stone;Mineral Sector;public sector activity;coal mining operation;cost of transportation;exploration and development;exploration and mining;economies of scale;holding company;
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Citation
Laos - Mineral sector assessment (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/766741468045010814/Laos-Mineral-sector-assessment