Chien Cong Transportation and Industrial Co-operative is issued Investment Certificate in Laos
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When accompanying the Vietnamese high - ranking delegation of President Truong Tan Sang paying official visit to Laos, Chien Cong Mineral and Industry Joint Stock Company (a member of Chien Cong Transportation and Industrial Co-operative) was been granted the Certificate to Invest in Foreign Countries by the Ministry of Planning and Investment for the project of over 28 millions USD (from its own capital) in order to invest on exploit and process mineral in Laos.
Reportedly, the project will be divided into two stages: The first stage is conducting the survey and exploration with investment capital of 8 millions USD; the second stage is exploitation, production, processing and export of tin – metallic lead, with investment capital of over 20 million USD. The project with an area of 808km2 located in two provinces of Laos (Xiengkhoang and Houaphan) will be implemented within 50 years (starting in 2012).
