Economy
SBV postpones gold auction for second time
1.
 |
| Leaders of Ninh Thuận Province and representative of the Ninh Thuận Mineral Mining-Construction-Investment Company push on buttons to start the Mavieck Ninh Thuận project. — VNA/VNS Photo Đức Ánh |
Viet Nam News
HÀ NỘI — A project to exploit and process granite has kicked off in the south-central coastal Ninh Thuận Province’s Phước Dinh Commune, in Thuận Nam District.
The ground-breaking ceremony was held jointly by the provincial People’s Committee and investor Ninh Thuận Mineral Mining-Construction-Investment Company.
Vũ Xuân Hiểu, a representative of the company’s board of directors, said the Mavieck Ninh Thuận project is a closed production cycle, right from the material exploitation stage to processing granite into different products to meet the demands of local and foreign markets.
The VNĐ300 billion (US$13.3 million) project includes a 7.4-hectare exploitation zone on Mavieck Mountain and a 5,000sqm processing factory, designed to have an annual production capacity of 600,000sqm to one million sqm of granite-facing stone.
The construction is divided into two phases: the first phase is expected to become operational in April 2018, and the second is scheduled for completion in the first quarter of 2019.
Speaking at the ground-breaking ceremony on Sunday, Lưu Xuân Vĩnh, chairman of the provincial People’s Committee, told the investor to ensure that the project is completed as per schedule, while ensuring that quality, labour safety and environment protection standards are met.
Vĩnh also asked local departments and agencies to create conducive conditions in accordance with the law to facilitate the implementation of the project. — VNS
