AsemconnectVietnam - Hoa Phat Group (HPG - HOSE) has proposed that the Government approve the invitation of leading consulting organizations and experts in metallurgy and mining worldwide to participate in research and provide assessments on technological issues, environmental impacts, and mining safety for the Thach Khe iron ore mine.

The Thach Khe iron ore mine has reserves of over 500 million tons and has been planned, explored, exploited, and processed according to Decision 866/QD-TTg dated July 18, 2023, of the Prime Minister. The magnetite and hematite ores in this mine are relatively clean, suitable for producing high-quality steel such as cold-stamped steel, arc-welded steel wire, elevator cable steel, weather-resistant steel plates, especially steel coils for car tire treads (tirecord steel), high-speed rail steel, and other high-quality steels. However, to date, the Thach Khe iron mine has not been exploited to meet domestic demand, resulting in a waste of national resources and a drain on foreign currency used to import iron ore.
Ha Tinh province and relevant ministries are concerned about eight issues related to the exploitation of the Thach Khe mine, including: pit slope subsidence, transportation pressure, loss of surface water, environmental risks, waste disposal issues, investor capacity, market demand, and the technology for processing high zinc content in the ore.
Hoa Phat believes that given the scale and difficulty of mining at the Thach Khe iron ore mine, only leading Vietnamese enterprises have the financial capacity and experience to successfully implement the project. The Thach Khe iron ore mine is located in a central and strategic position in Vietnam, and should not be entrusted to foreign investors to ensure national security and defense.
Therefore, Hoa Phat has proposed a joint venture with other leading Vietnamese corporations such as Vinacomin and Thaco… to jointly research and implement this project.
Hoa Phat proposed that the Government authorize the invitation of leading consulting organizations and experts in metallurgy and mining worldwide to participate in research and provide assessments on technological issues, environmental impacts, and mining safety for the Thach Khe iron ore mine. Hoa Phat is ready to contribute costs and, together with the Ministry of Agriculture and Environment, hire independent consultants to supervise the work and participate in the research assessment.
N.Nga
Source: VITIC/Tinnhanhchungkhoan