VINACHEM set to exploit kalium ore in Laos

The Vietnam National Chemical Corporation (VINACHEM) said it will exploit kalium ore in Laos to make fertilisers for the two countries and export.

A VINACHEM subsidiary - the Vietnam-Laos Chemical and Rock Salt Co. Ltd. – with a charter capital of 30 million USD will officially make its debut on Sept. 5 to carry out the project in the Lao provinces of Khammouane and Savanakhet.

VINACHEM General Director Do Duy Phi, who is also chairman of the newly established company, said that the Lao government previously approved its plan to explore an area of 196.5 sq.km for miniral ores following positive results of the first phase performed on only 10 sq.km.

Vietnam now has to import all 600,000 tonnes of kalium ore per annum for its domestic fertiliser and chemical production. The amount is estimated to reach 1.1 million tonnes in 2015.

VNA

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