Hoa Phat Group wants the largest iron mining in Southeast Asia

HƯƠNG NHA |

Minister of Industry and Trade Nguyen Hong Dien refers to a business mining business in Lao Cai.

On October 10, the Government Standing Committee had a business meeting on duties and solutions for private enterprises to accelerate and break out, contributing to the country's rapid and sustainable development in the new era.

Member of the Politburo, Prime Minister Pham Minh Chinh chaired the conference.

Mr. Tran Dinh Long - Chairman of the Board of Directors of Hoa Phat Group Joint Stock Company said that each business is a cell of the economy and Hoa Phat too.

The Chairman of Hoa Phat Group pledged to grow at least 15% in the period from 2025 to 2030. Currently, the entire Vietnamese steel industry imports about 30 million tons of ore as raw materials for steel production, accounting for 95%.

Mr. Tran Dinh Long mentioned two large mines, Quy Sa and Thach Khe. Thach Khe iron mine is the largest iron mine in Southeast Asia, with a scale of about 500 million tons, located in Ha Tinh.

Chairman of Hoa Phat Group said that it is necessary to deploy the mining of Thach Khe mines to basically solve the source of raw materials annually and save foreign currencies.

Also at the Conference, Minister of Industry and Trade Nguyen Hong Dien expressed his agreement with the report of the Ministry of Planning and Investment on the role, importance and efforts of private enterprises in development. Economy of the country.

The Ministry of Industry and Trade also shared the difficulties that businesses encountered. In the coming time, in order to continue exploiting and promoting the great potential of Vietnamese private enterprises, especially in order to achieve the growth target of 8% of GDP in 2025, the Ministry of Industry and Trade has proposed many businesses. Topic.

Regarding the exploitation of iron mine at the opinion of Mr. Tran Dinh Long, the Minister of Industry and Trade said that there are currently two Quy Sa mines of Lao Cai and Thach Khe of Ha Tinh, particularly Thach Khe mine is waiting for competent authorities decision.

With Quy Sa mine with a reserve of 120 million tons of Lao Cai province, he has licensed Viet Trung Steel Company since 2007 and the end of 2020.

This company has 45% capital from Viet Trung steel, domestic enterprises, 10% capital from Lao Cai province enterprises and 45% capital from Chinese enterprises.

By 2020, at the last time of the license, the company had exploited 20 million tons/120 million tons. Currently, there are 100 million tons left, according to the principle of planning 866 (Decision No. 866/QD-TTg of the Prime Minister approving the Planning of exploration, exploitation, processing and use of minerals for the period 2021 - 2030, with a vision to 2050 - PV), this mine continues to exploit to serve the country's needs.

But according to the law, this mine needs to be carried out new procedures rather than extending the license from the beginning.

"I also learned that this enterprise has violations, has to be newly issued, and if I want to supply them to close the mine, if I want to close the mine, this enterprise must complete the procedures and financial obligations, the Ministry of Natural Resources and Environment will decide on this. After that, the Ministry of Industry and Trade will coordinate to implement it" - Minister Nguyen Hong Dien said.

HƯƠNG NHA
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