Prime Minister Nguyen Tan Dung has just ordered four state-owned groups to divest from the Thach Khe project, country’s largest iron ore mining and billet manufacturing project. The groups are Vietnam Shipbuilding Industry Group, Song Da Holdings, Vietnam Posts and Telecommunications Group and Bank for Investment and Development of Vietnam, according to a Government Office [...]
The nation’s mining industry presented evidence of considerable growth potential at the Viet Nam Industrial Minerals Conference 2011, causing increased interest among foreign investors. Deputy Minister of Natural Resources and Environment Nguyen Linh Ngoc said Viet Nam has significant reserves of minerals, including coal, bauxite and mineral sand, but at present the country is not [...]
Viet Nam’s DaLy Co has received approval from the Lao government to mine gold ore at Huoi Kham Village in Xangthong District, Vientiane city. DaLy Co director Dang Si Linh said his company completed the exploration of the mining site at Huoi Kham and devised a technical plan for exploration with complete investment from the [...]
Industry insiders warn proposed high initial auction rates will drive investors away from mining projects in Vietnam. According to the draft decree guiding mining project auctions slated to become effective from July 1, 2011 the initial auction rate for ferrous metals mining projects is 6 per cent, 5 per cent for non-ferrous metals, 6 or [...]
On behalf of the Lao government, Lao Deputy Minister of Planning and Investment Thongmi Phomsivay has signed a contract with Vietnam’s DaLy company allowing it to mine gold ores at Huoi KHam village in Xangthong district, Vientiane city. The signing ceremony was held in the Lao capital on May 31. The Director General of DaLy, [...]
Corruption exists in the mining industry mainly due to the lack of transparency and accountability in the system, speakers said at the ninth anti-corruption meeting for the extractive industry in Hanoi on Wednesday. Ngo Manh Hung, deputy head of the Government Inspectorate’s Anti-corruption Bureau, said a survey conducted by his bureau found that of 110 [...]
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