Operations>> Vietnam>>Lead & Zinc

LEAD AND ZINC ORES,  JOINT VENTURE WITH TRUONG SON GENERAL GROUP OF YOUTH VOLUNTEERS
 

Exploring and processing lead & zinc ores, Tuyen Quang Province, Vietnam

 


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HIGHLIGHTS

  • Located in Phuc Ninh Commune, Yen Son District, Tuyen Quang Province, this is an open-pit lead & zinc ores in a region of biggest reserves of metal ores in North West region of Vietnam, a mining focal region which has received favorable attention from the Vietnamese government.
  • Initial geological survey has estimated that the mineralized materials amount up to 2 million metric tons (MT).
  • This project is among the list of mining projects for which Vietnam’s Ministry of Natural Resources and Environment has solicited investment and operation.
  • This area contains high lead & zinc content ores, with popular content of 20-30%.  Initial valuation of the ore shows a conservative estimate of $US 500 million.
  • Our partner, Truong Son General Group Of Youth Volunteers has strong support from both the central and local governments to obtain the exploration and mining license.  In the region of Tuyen Quang Province, Truong Son General Group Of Youth Volunteers may be granted two to three mining licenses, which will be sufficient for the requirements of an ore sifting factory. Truong Son General Group Of Youth Volunteers has also committed a minimum of 350,000 MT of ore for stage 1 of the project, and a additional minimum of 1.5 million MT of ore for stage 2.  With this commitment from Truong Son General Group Of Youth Volunteers and the ability to get mining licenses, the construction of a ore sifting factory of capacity of 50,000 MT/year will be highly feasible, with total operation time of at least 20 years.
  • The ore sifting factory is planned to be located in Chieu Yen Commune, Yen Son District, Tuyen Quang Province with a total area of 3 ha.  In this area, we intend to request a permit to salvage the ore, with initial estimation of mineralized material of about 500,000 MT – 1,000,000 MT of fairly high content of lead & zinc (10-25%).

 

OUTLOOK

-    Prices of most commodities worldwide, including metals, seem to be at the bottom and are expected bounce back rather quickly when the world economy shows any sign of recovery, which many economists and analysts believe will happen around 2010-2011.

 

OWNERSHIP

Indochina Mining Corporation, a wholly-owned subsidiary of PHI Mining Group, has signed a partnership agreement with Truong Son General Group Of Youth Volunteers to form Truong Son Metal Joint Stock Company to mine and process the lead and zinc ores at this location.