Joint Circular No. 16 TT/LB/TC-LDTBXH provides temporary guidelines on reward systems and incentives for the discovery, exploration, exploitation, and protection of gold and precious stones extracted from underground.

JOINT CIRCULAR

Interim guidelines on reward and incentive systems for the discovery, exploration, exploitation, and protection of gold and precious stones extracted from underground

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Based on Decision No. 76/HĐBT dated May 13, 1987 of the Council of Ministers regarding "exploration, exploitation, processing, and trading of gold and precious stones extracted from underground";

In order to encourage the discovery, search, and exploration of mines, as well as the organization of exploitation and the protection of gold and precious stone resources, the Ministry of Finance and the Ministry of Labour-Social Affairs and Social Welfare provide interim guidelines on reward and incentive systems for the discovery, search, exploration, exploitation, and protection of gold and precious stones extracted from underground as follows:

I. Rewards for reporting ore, discovering gold and precious stone mineralization points, and discovering mines:

1/ Rewards for reporting ore and discovering gold and precious stone mineralization points.

Every Vietnamese citizen (including workers, officials, and military personnel) who contributes to reporting ore and discovering mineralization points of gold and precious stones shall be rewarded. The head of the unit and the Scientific and Technical Council of the Geological Team or Union shall receive, examine, evaluate, and decide on rewards.

- The reward amount for reporting ore and discovering mineralization points of gold and precious stones ranges from 5,000 to 50,000 VND (equivalent to 10 to 100 kilograms of rice at the guaranteed business price).

- The reward fund for reporting ore and discovering mineralization points of gold and precious stones shall be accounted for within the cost of geological survey and exploration of the General Department of Mines and Geology.

2/ Rewards for discovering gold and precious stone mines:

- Discovering a mine may be carried out by an individual or a collective of one or more different geological units. The results of mine discovery must be reviewed and approved by the State-level or General Department-level Mineral Reserve Review Board based on the geological survey report. A mine discovery can only be recognized when the mine area has been approved as having industrial value at various levels.

- The reward amount for discovering gold and precious stone mines is calculated at 0.1% of the value of the mine reserves at level C1 + C2 with a reliable extraction factor (excluding loss factors). Specifically:

Reward Amount = Value of Mine Reserves x 50% x 0.1%.

- The reward fund for discovering gold and precious stone mines shall be sourced from the mine discovery and geology fund, which is calculated at 0.01% of the estimated budget for geological survey and exploration projects and recorded as a separate item in the project budget.

If insufficient, additional funds up to 10% of the fund may be mobilized, encouraging production development by decision of the General Department of Mines and Geology Director.

II. Rewards for inventions, innovations, and patents in analysis, mining, and refining of gold and precious stones:

Rewards for inventions, innovations, and patents in the analysis, mining, and refining of gold and precious stones shall be implemented according to Decree No. 31/CP dated January 23, 1981 and Decision No. 92/HĐBT dated August 5, 1986 of the Council of Ministers on rewarding inventions, innovations, and patents.

III. Rewards for preserving and submitting valuable specimens related to gold and precious stone resources and protecting these resources:

1/ Every Vietnamese citizen (individuals and collectives) who discovers and preserves valuable specimens, natural gold, and precious stones of special significance (large size, special scientific significance) or related specimens shall be rewarded as follows:

- The State will purchase these specimens at a special price and additionally reward an amount equal to 10% of the value of the specimen.

- If the specific monetary value of the specimen cannot be determined, the General Department of Mines and Geology or the agency using the specimen will reward an amount ranging from 5,000 to 50,000 VND (equivalent to 10 to 100 kilograms).

- These protective forces shall enjoy meal allowances organized by exploration and mining units.

- Additionally, exploration and mining units may use part of their reward and welfare funds to reward individuals and units within these protective forces who have made contributions during the planning year.

V. Implementation Provisions

This interim reward system shall take effect from May 1, 1988. All previous regulations contrary to this Circular shall not be enforceable.

All previous regulations contrary to this Circular shall not be enforceable.

Place of Receipt:

- Council of Ministers

- General Department of Mines and Geology, Ministry of Industry and Construction,

Ministry of Energy, Ministry of Interior, Ministry of Defence, Ministry of Materials, Ministry of Construction, Ministry of Justice, State Bank of Vietnam, National Economic Commission, National Cultural Commission, Central Inspection Board of the State, National Survey and Mapping Agency, Supreme People's Court, Supreme People's Procuracy, Vietnam General Confederation of Labour

- Central Committee Office, Central Theory Office, Central Propaganda and Education Office

- Provincial People's Committees, city people's committees, special zone people's committees

- State-owned collection bureaus

- Departments, Bureaus, Institutes, Rooms, Boards under Ministries

- File: Ministry of Finance

Ministry of Labour-Social Affairs and Social Welfare.