The prime minister has signed decision No 1437/QD-TTg approving capitalisation plan of the parent company, Vietnam Industrial Construction Corporation (Vinaincon). According to the plan, the company’s capitalisation would be carried out by selling one of state owned capital and issuing additional shares to raise its chartered capital. Vinaincon now has 550 billion dong of chartered [...]
The Natural Resources Joint Stock Co (coded TNT) announced that the company was finishing the investment procedures to start mining works in a 30-hectare Bazan stone mine in Hoa Binh province in late 2010. Nguyen Gia Long, chair of management board cum general director with other company’s experts lately visited and conducted surveying works in [...]
Nui Phao Mining Company has pledged to complete a land clearance project by the end of the year for Nui Phao Vica, one of the country’s largest mining projects in Thai Nguyen Province. Officials from the province had announced earlier that the US$510 million project would restart later this month, after a two-year delay. The [...]
The Viet Nam National Coal and Mineral Industries Group (Vinacomin) churned out 25.8 million tonnes of unprocessed coal in the first half of this year, up 15 per cent on last year’s figure. The group also reported sales of 21.7 million tonnes of processed coal, an increase of 1 per cent against the same period [...]
Northern Lao Cai Province has decided to suspend the operation of Na Ni Sa Co Ltd for illegally exploiting minerals. The company was also fined VND45 million ($2,385) and had VND956 million ($50,668) from selling minerals confiscated. The firm has been told to repair damage it has caused to the environment. —VNS
The Vietnamese Ministry of Finance’s Price Management Department has once again proposed no further coal and electricity price hikes through end-2010 to curb possibly high CPI and stabilize local market. The department also said petroleum traders could raise the domestic prices upon the price rises in the world market after June but must slacken increases. [...]
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