(KPL) The Ministry of Industry and Commerce held a consultative meeting on March 2, 2026 to discuss strategies for promoting investment in the mining sector while ensuring stronger standards and transparency.

The meeting was chaired by Dr. Buavanh Vilavong, Head of the Ministry’s Office, and attended by representatives of the Australian Chamber of Commerce in Laos and other relevant stakeholders.

During the session, participants reviewed a working paper outlining the current situation of mining investment in the Lao PDR and proposed key recommendations for government consideration.

One proposal focused on improving the investment environment by streamlining procedures, enhancing transparency, and reducing administrative redundancies in the approval process.

Another proposal suggested reopening approvals for mining projects specifically for investors that meet strict standards, with a refined screening process aimed at ensuring only qualified and responsible investors are allowed to operate.

To strengthen management of the mining sector, the ministry also outlined two major initiatives moving forward.

The first involves legal reform through revisions to the Law on Minerals, with drafting expected to be completed between late 2026 and early 2027 to strengthen regulatory oversight.

The second initiative focuses on modernizing the investment licensing system by introducing a technology-based screening mechanism designed to identify and select high-quality investors in the mining industry.

Officials said the measures aim to ensure sustainable and well-regulated development of the mining sector while attracting responsible investment to the Lao economy.

KPL