Phu Quy Nghe An Stone and Mineral Joint Stock Company was fined 355 million VND.
Standing Vice Chairman of the Provincial People's Committee Le Hong Vinh has just signed a Decision to administratively sanction Phu Quy Stone and Mineral Joint Stock Company for violations related to mineral exploitation activities.
The company is headquartered in Quy Hop town, Quy Hop district.
In the Penalty Decision No. 162/QD-XPHC dated October 15, it is stated that Phu Quy Stone and Mineral Joint Stock Company committed 4 administrative violations:
First act, Phu Quy Stone and Mineral Joint Stock Company encroached on agricultural land which is production forest land in rural areas, with a total encroached area of 1.8 hectares (Specifically, the company used 1.8 hectares of production forest land in Thung Con area, Lien Hop commune, Quy Hop district to make a dumping site, build camps without land lease from State agencies, the violation period was from 2020 to the date of inspection).
For the above violation, the company was fined 210 million VND. Regarding the remedial measures, it was forced to carry out land allocation and land lease procedures according to regulations; at the same time, it was forced to return the illegal profits gained from the violation, an amount of 72 million VND.

Second act, Phu Quy Stone and Mineral Joint Stock Company did not send a report to the competent authority granting mining licenses, if mining was suspended for 1 year or more (the company has stopped mining since May 2022 until now, but did not send a report to the competent authority granting mining licenses as prescribed). For this act, Phu Quy Stone and Mineral Joint Stock Company was fined 8 million VND.
The third act of "Preparing statistical reports and inventorying remaining mineral reserves in the permitted mining area without complete information according to the form prescribed by the Ministry of Natural Resources and Environment", Phu Quy Stone and Mineral Joint Stock Company was fined 15 million VND.
The fourth act of "Incompletely preparing books, vouchers, documents, and related materials to determine actual annual mining output", Phu Quy Stone and Mineral Joint Stock Company was fined 50 million VND.
Thus, the total amount of fines and illegal profits that Phu Quy Stone and Mineral Joint Stock Company must pay to the Nghe An provincial budget is 355 million VND.