Vietnam to Mine Largest IronOre Deposits Next Month
The Thach Khe Steel Joint Stock Company is expected to start mining Thach Khe iron ore deposits in central Ha Tinh province this August, the Nhan Dan newspaper online reported.
The newspaper said Vietnamese authorities are carrying out final procedures to license the project.
In addition, the company is preparing to develop a steel mill with an annual capacity of 2 million tons in the first phase in the province&rsquos Vung Ang Economic Zone. The construction of the factory is set to start in early 2009 and operate in 2011.
The mill&rsquos capacity will be raised to four million tons a year in the second phase.
The steel mill is a national key project. The prime minister has allowed the Thach Khe Steel JSC to assign China&rsquos Chongqing Metallurgy Technique Ltd. as the consultant for conducing feasibility study for the project. (The People Online)
Vietnamese
