VietNamNet Bridge - Once the driving force for economic growth in 2015, the mining industry has been facing great challenges this year.

The two gold mining plants of Bong Mieu and Phuoc Son have to pay nearly VND400 billion (nearly $19 million) of tax debts before being licensed to export gold, said a Government official at a government press conference last week.

VietNamNet Bridge - Though having not paid VND400 billion in tax, the two gold mining companies run by Besra Group in Quang Nam province may still be allowed to export nearly 400 kilos of gold.

Provincial authorities have not been able to revoke the investment certificate granted to the Canadian gold miner Besra because of administrative procedures.

VietNamNet Bridge - The Quang Nam provincial authorities have suggested allowing Viet A Bank to take over one of two gold mining companies belonging to Besra Group which owe large sums to the local taxation agency.

VietNamNet Bridge – Besra will have to dispose of the fake cyanide it imported from China within a definite time, says Le Phuoc Thanh, chair of Quang Nam province, head of the Quang Nam provincial National Assembly’s Deputies.

Vietnam lost more than it gained after opening its Phuoc Son and Bong Mieu gold mines to a Canadian exploiter. Seven tons of gold were exploited, but the forests are now gone. Only the excavated land and polluted environment remain.

 VietNamNet Bridge – Besra Group, the gold mining company operating at the Phuoc Son and Bong Mieu mines, will have its investment license revoked if it violates the law, Vietnamese economists have said.

 Besra Company on July 23 announced that they have suspended operations at Phuoc Son and Bong Mieu mine sites in the central province of Quang Nam after their bank accounts were blocked by the province’s Tax Department for delaying tax payment.

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 Canada’s Besra Gold Inc. will avoid nearly $12 million in tax arrears following after-clearance inspection results conducted by the General Department of Customs on its two gold mines in Vietnam.