ID :
29560
Tue, 11/11/2008 - 15:03
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https://oananews.org//node/29560
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Vietnam firm to explore antimony ores in Laos
Vietnam firm to explore antimony ores in Laos
(KPL) The Hoa Binh Xanh Joint Stock Company from Vietnam has been allowed to explore antimony ores on an area of 380 sq.km in Ngoi and Viengkham districts of northern Laos’s Luang Prabang province.
An agreement to this effect was signed in Vientiane capital city on Nov. 5 by the representatives of the company and the Lao Government.
The company’s director general, Cu Thanh Tien, said the project, which will be carried out within the next four years, has an initial investment of four million USD. The company will continue with negotiations for the project if it proves feasible following the exploration phase, he added. Ore mining has emerged as one of Laos’s spearhead economic sectors in the recent years, attracting a large flow of investment from investors both at home and abroad.
The export of minerals, especially gold and copper, is a major source of revenue for the state coffer.-
(KPL) The Hoa Binh Xanh Joint Stock Company from Vietnam has been allowed to explore antimony ores on an area of 380 sq.km in Ngoi and Viengkham districts of northern Laos’s Luang Prabang province.
An agreement to this effect was signed in Vientiane capital city on Nov. 5 by the representatives of the company and the Lao Government.
The company’s director general, Cu Thanh Tien, said the project, which will be carried out within the next four years, has an initial investment of four million USD. The company will continue with negotiations for the project if it proves feasible following the exploration phase, he added. Ore mining has emerged as one of Laos’s spearhead economic sectors in the recent years, attracting a large flow of investment from investors both at home and abroad.
The export of minerals, especially gold and copper, is a major source of revenue for the state coffer.-
