Attending and witnessing the signing ceremony were Mr. Dao Quang Truong, General Director of VDB; Mr. Le Quang Binh, Chairman of the Board of Directors, Mr. Trinh Hong Ngan, General Director of Viet Bac Mining Corporation.
The Nui Hong Project is located in Yen Lang and Na Mao communes, Dai Tu district, Thai Nguyen province (now Phu Xuyen and Phu Thinh communes, Thai Nguyen province). It aims to utilize existing infrastructure, maximize resource extraction through open-pit mining methods, maintain annual coal output, ensure coal supply for power plants and cement factories within the group as well as other consumers, contribute to national energy security, and create stable employment for the company’s workforce and the local labor.
This is a Group B project and a Grade III coal mining work, with a designed capacity of 500,000 tons of run-of-mine coal per year. The main products include various types of coal fines: 4a.3, 5a.5, 6a.5, and 7a. The total investment capital of the Project is nearly VND 597,920 million, of which VDB provides a loan of VND 418,543 million.
The Project is implemented based on approved reserves and is aligned with the sectoral development plan as well as the local socio-economic development orientation./.