50-mln ton copper reserve discovered in northern Vietnam

TN News

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Vietnam's state-run Coal and Mineral Industry Group (Vinacomin) has discovered an estimated 50 million tons of copper in the northern province of Lao Cai, Vietnamnet reported.

 

The finding follows a previous discovery of 56 million tons of the same material, bringing Lao Cai's total copper reserves to over 100 million tons - one of the largest reserves in Asia, the news website quoted Vinacomin as saying.

 

In the meantime, the Sinh Quyen Company factory only has a capacity of 1.2 million tons a year. The company is planning to increase the capacity to three million per year, Vietnamnet reported.

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