Wednesday, May 20, 2009

Vietnam Opens First Iron Ore Concentrate Plant

A base iron ore concentrate plant was inaugurated in the central province of Ha Tinh Tuesday by the Vu Quang Iron One-Member Ltd., an affiliate of the Ha Tinh Iron and Steel Joint Stock Company.

The plant, the first of its kind in Vietnam with an annual output of 500,000 tons, is equipped with Chinese machinery and technology worth VND150 billion (US$8.4 million).

It is expected to create jobs for 400 workers and will process iron ore mined in Ha Tinh, Nghe An and Quang Binh provinces to provide raw material for the Vung Ang ingot factory, also in Ha Tinh.

Source: Thanh Nien News

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