Local company invests over 17.5 trillion VND in mineral processing

Friday, January 16, 2015 09:37

Nui Phao Mining and Mineral Processing Co., Ltd (Nui Phao Mining)has poured over 17.5 trillion VND (833 million USD) into a mining andmineral processing project which has been implemented in Dai Tudistrict, the northern province of Thai Nguyen since 2010.

Ofthe amount, 15 trillion VND (714 million USD) was spent on mininginfrastructure and the remaining was used for site clearance andresettlement support.

After two years of official operation, NuiPhao Mining has become one of the leading miners in the country whichgenerates trillions of VND in revenue and provides jobs for more than1,000 workers, said the company’s Deputy General Director Vu Hong.

It was one of the 40 companies in Vietnam honoured as the most outstanding enterprises in the Asia-Pacific region, he added.

Inaddition to production activities, Nui Phao Mining has also paidattention to supporting residents affected by its projects with a totalassistance of 2.5 billion VND (119,000 USD) in 2014.

According toHong, this year, the company will focus on producing and exporting itsfour main products of tungsten, bronze, bismuth and fluorite whilebettering resettlement and job creation for relocated people, anddeveloping a high-quality workforce.-VNA

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