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VN, Laos sign gold mining deal

Update: March, 16/2012 - 09:57

HA NOI — Viet Nam and Laos signed a gold exploration contract in Vientiane yesterday, Viet Nam News Agency's correspondent in Laos has reported.

The contract was signed by Lao Deputy Minister of Planning and Investment Bounthavi Sisouphanthong and representative of Global South Joint Stock company Cu Thanh Tien.

The gold exploration will be carried out in an area of 24 square kilometres in Xangthong district, Vientiane city.

At the signing ceremony, Tien said the company would use modern equipment, a team of experts and highly skilled workers. He added that the company would do its best to protect the environment of the district and would recruit local people to work for the company.

To mark the occasion, the mining company donated US$40,000 to build five charity houses for Lao war veterans.-VNS

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