Nikko Vietnam Joint Stock Company and Bac Kan Mineral Joint Stock Company have lately inked a contract to establish the Bac Kan Nikko Vietnam Mineral Joint Venture, which will run business in mineral discovery, exploitation, processing and mineral product export and import.

Accordingly, one two-phase project will be carried out at a total cost of 780 billion VND, of which 40% will be contributed by Nikko Vietnam and 60% by Bac Kan Mineral Joint Stock Company. In the first phase, one factory with a productivity of 20,000 tonnes of lead and 10,000 tonnes of zinc per year will be constructed at a cost of 300 billion VND.

Under the contract, the two sides are entitled to transfer their shared capital following the Businesses Law.

So far this year, besides having shares listed on the stock market, Nikko Vietnam has won several valuable contracts for projects such as the new urban area of Tu Hiep (Thanh Tri-Hanoi) and the new urban area of Dan Phuong (Ha Tay province).

Source: HNM

Translated by Hoang Anh