11:40:42 PM | 27/6/2013
Thai Nguyen has rich mineral resource, large reserves and is able to meet the province’s investment strategy. The province has 176 mines and mineral fields which have been published in its mining book. More than 74 mines and mineral fields are newly found and currently being explored to evaluate their quality and volume, including 24 kinds of minerals. In recent years, the development of the mining industry is one of the key priorities of the province which has been calling for investment into the province. Following the policy of the province, in December 2006, Thai Nguyen Metallurgy Joint Stock Company was established in Trai Cau town, Dong Hy district.
After completing the petroleum licensing procedures, the company commenced stable mining upon being given investment license. From the time of establishment, the company has carried out efficient production activities, taking advantage of all the resources as well as favourable geographical location near the centre and saved most production costs through experience in mining and processing of iron ore.
To be active in mining, the company has focused on investment in machinery and equipment in plants such as Nam Son Cast-iron plant (Nam Hoa commune, Dong Hy district) which reaches the capacity of 100,000 tonnes per year and iron ore plant of North Quang Trung, Nam Hoa commune, Dong Hy district. With modern production lines, Thai Nguyen Ferrous Metallurgy company has actively extracted and processed raw minerals to provide the market with high quality products. According to Director Chu Phuong Dong: "To effectively carry out projects, the company is specifically focusing on human resources. Therefore, the company has selected appropriate personnel to assign specific tasks. The company’s management apparatus and operating personnel are all highly qualified, competent and having much experience in the industry. Direct labour including workers operating machinery, equipment and vehicles are well trained and having high skills. "
2013 is a important year to the company’s officials and employees for Nam Son cast-iron plant has officially completed the first phase. The first batches of iron came out in 19th March, after 2 years of great effort under economic difficulty. However, Thai Nguyen Metallurgy JS company with strong capability has ensured project completion, meeting expectations of the local authority and people of Thai Nguyen province in general and Dong Hy district in particular. The capacity of the plant is currently 50,000 tonnes of pig iron per year. The company is able to guarantee employment for 200 local employees and contribute to the budget of the province VND 45-50 billion per year. Following the initial success of Phase I, the company is continuing to build and complete the Phase II of the plant in order to increase the capacity of Nam Son iron plant to 80,000-100,000 tonnes per year.
With its potential and through methodical investment, the company has succeeded in ore mining and producing high quality products. The success of Thai Nguyen Metallurgy JS company in the region not only brings profit to the company itself but also proves the rightfulness of placing investment in exploiting deep processing of minerals. The company’s orientation is to continue to expand the exploitation of other kinds of mineral when getting approval of the government and the province’s People Committee. However, currently the new mining law has come into effect, the guidelines have not yet mentioned the non-oriented investors. Consequently, the company hopes that the Government and the Provincial People’s Committee will soon have specific guidelines.
Regarding the investment environment of Thai Nguyen province, according to Mr Dong, to make the investment environment more attractive, the province needs to focus on building transportation infrastructure (especially inter-district in industrial zones transportation system) and policies to help businesses get access to capital more easily.
NS
Vietnamese
