Vietnam Mining News

Vietnam begins construction of region first potash mine

The mine, to produce 320,000 metric tons of potash salt per year, is expected to help reduce the country's reliance on imported fertilizers.

The nickel price can only go up

This trailblazing company is ahead of the game in the fastest growing region in the world.

Gold price to double by 2030 thanks to Asia: report

ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.

Vietnam’s emerging nickel-sulphide district

Asian Mineral Resources blazes a trail in South East Asia.

Alberta most attractive mining destination in Canada, third worldwide

Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.

Miners warned about Indonesia, Brazil, India and South Africa investments

Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.

Fraser Institute ranks Finland and Sweden top mining destinations

Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.

Vietnam gold mine destroys environment

An inspection team from Lao Cai last Thursday visited the site of operations by the Ecotech gold-mining company in Van Ban District in northern province of Lao Cai after receiving a report about company violations.

Olympus announces chief operating officer's resignation

In tow of the John Seton's announcement, Olympus stock climbed 14% to close at $0.28.

Vietnam president visits mining workers

President Sang visited workers at the Vang Danh Coal Company, which employs 6,000 workers and produces more than 600,000 tonnes of coal a year. President Sang also presented gifts to Do Van Quang, whose family has three generations being coal miners.

Four victims found dead after coal mine landslide

Four of five missing people who were buried under a landslide in northern Thai Nguyen Province's Dai Tu District were found yesterday after a nine-day search.

New regulations on gold trading introduced in Vietnam

The Prime Minister has issued a decree on the management of gold trading, stipulating that the government will hold a monopoly over the production of gold bars as well as the import and export of unprocessed gold.

Vietnam wants decree to "mobilize" citizens' gold, could sell 500 tonnes. And you were worried about IMF and Paulson dumping bullion

Vietnam's central bank wants to "mobilize" gold from citizens which it says are hoarding 300 – 500 tonnes to free up funds for socio-economic development in the communist country.

How whetted is your risk appetite? Gold diggers explore the final frontiers

As attractive deposits become harder and harder to find in traditional markets miners are pushing the limits of the political risk they are willing to take on. But things can go spectacularly wrong.

Gold Mourning, Vietnam: Government inflicted gold export duty affects dealers not miners

According to a report released today on BullionStreet.com, gold dealers in Vietnam are feeling the pinch of export restrictions levied at the end of 2010. Due to regulations regarding the purity of bullion and jewelry, these dealers are being squeezed by a 10% export duty that’s imposed on gold bullion with a purity of 99.99% and gold jewelry with a purity of 80%.

Olympus Exceeds Its 2011 Gold Production Target

Olympus Pacific Minerals Inc. (TSX:OYM)(OTCQX:OLYMF)(FRANKFURT:OP6)(ASX:OYM) Chief Executive Officer, John Seton, is pleased to announce production results from its Phuoc Son and Bong Mieu Gold Plants for the period ended December 31, 2011 set out below. The Company's 2011 annual production forecast of 40,000 ounces has been exceeded despite the commissioning of the Phuoc Son Gold Plant having been delayed several months resulting from record-breaking monsoon rain.

Vietnam's gold firms make huge profits

Local gold prices often higher than the world price by 2 million dong/tael and gold import policy has contributed to helping a number of gold trading firms make huge profits.

Vietnam moves to cool a hot gold market as domestic prices lose touch with global market

The State Bank is looking to stabilise the over heating gold market.

SJC sells 28,000 taels of gold in last three days

On August 25, Saigon Jewelry JSC (SJC) sold a huge volume of up to 10,000 taels of gold while buying only 30-40 taels of gold, the local newswire Tuoi Tre (Youth) quoted Nguyen Cong Tuong, SJC’s deputy head of sale department, as saying.

Vietnam tapping huge coal basin in Red River delta

The colossal coal basin with reserves estimated at 210 billion tonnes under the Red River Delta will be harnessed to serve rising domestic demand says state-owned Vietnam National Coal, Mineral Industries Holding Corporation Limited (Vinacomin).

Vietnam to import gold to cool down local gold fever

Announcement by the State Bank of Vietnam (SBV) to permit companies to import five tons of gold bullion helped cooling down the gold high fever that has been spreading throughout the country, especially in Hanoi and Ho Chi Minh City since the beginning of the week.

Gold exports helps Vietnam keep trade deficit in July at USD200 million

Gold exports have helped Vietnam keep trade deficit in July at USD200 million, up just USD40 million in comparison with last month.

Petrovietnam units sign $1.2 bln coal-power plant deals

State-run Petrovietnam has awarded two contracts worth a combined $1.2 billion to two subsidiaries to build a 1,200-megawatt, coal-fired power plant, which will boost its thermal coal imports from Indonesia and Australia, the government said. Vietnam has also licensed Malaysia's Jaks Resources Berhad to invest $2.25 billion to build a coal-fired power plant in northern Vietnam, using

Hanoians now feel secure to purchase bullion gold

Gold companies in Hanoi have reported that gold sales increased when the prices have decreased and the policy on gold trade management became clear.

Vietnam to restrict coal export by raising tax

Coal export tax rate would be expected to surge from the current 15 percent to 20 percent in a bid to restrict export of the fossil fuel, the Vietnam Ministry of Finance (VMF) said on Tuesday. VMF's proposal was made after the Vietnam Coal and Mineral Industries Group (Vinacomin) imported 9,500 tons of low-quality coal from Indonesia to supply power thermo-electric plants in Vietnam, making the country to become a coal importer for the first time.