The report on the feasibility of a project to exploit and process potassium sulphate in Nongbok District, Khammouan Province, Laos was passed at a seminar between representatives of the Lao Mines and Energy and the Vietnam Chemical Group (Vinachem) in Vientiane on August 19th.

According to the project, Vinachem will invest US$ 400 million in the construction of the mining site and a processing plant with capacity of 320,000 tones of products per year.

At this point, both countries have to import a large amount of potassium products for agricultural production.

Local officials and investors expected that the foundation of such a plant will help the two countries reduce their dependence on the world’s limited sources of potassium products.

According to Vinachem, the Group has already been permitted by the Lao Government to explore potassium reserves on a much larger area and it will start the next exploration projects after the first project is officially implemented.   

Source: DVT/VOV

Translated by Thu Nguyen