Laos and Vietnam launch mining firm in Cuba

MiningLaos and Vietnam have opened a joint-venture plant to extract and process gold and silver in Cuba, the Cuban news agency Prensa Latina reported on July 21.

The investment value is said to be as high as $31 million. The new company, Sakai Mining Corporation, will operate a plant that is capable of processing 250 tonnes of raw minerals, the report said, and will mainly produce for export.

The joint venture partners are Vietnam’s Hong Quang Work Construction & Real Estate Investment Company and the Vientiane Trade Ltd Company of Laos.

The opening was attended by Politburo member of the Lao People’s Revolutionary Party and Deputy Prime Minister Somsavat Lengsavad, as well as member of the Politburo of Vietnam’s Communist Party, Le Hong Anh, according to Prensa Latina.

 

 

 

 



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Laos and Vietnam have opened a joint-venture plant to extract and process gold and silver in Cuba, the Cuban news agency Prensa Latina reported on July 21. The investment value is said to be as high as $31 million. The new company, Sakai Mining Corporation, will operate a plant that is capable of processing 250 tonnes of raw minerals, the report said, and will mainly produce for export. The joint venture partners are Vietnam’s Hong Quang Work Construction & Real Estate Investment Company and the Vientiane Trade Ltd Company of Laos. The opening was attended by Politburo member of the...

MiningLaos and Vietnam have opened a joint-venture plant to extract and process gold and silver in Cuba, the Cuban news agency Prensa Latina reported on July 21.

The investment value is said to be as high as $31 million. The new company, Sakai Mining Corporation, will operate a plant that is capable of processing 250 tonnes of raw minerals, the report said, and will mainly produce for export.

The joint venture partners are Vietnam’s Hong Quang Work Construction & Real Estate Investment Company and the Vientiane Trade Ltd Company of Laos.

The opening was attended by Politburo member of the Lao People’s Revolutionary Party and Deputy Prime Minister Somsavat Lengsavad, as well as member of the Politburo of Vietnam’s Communist Party, Le Hong Anh, according to Prensa Latina.

 

 

 

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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