Gold miner claims US$4.5 million in flood damages in central Vietnam

Thanh Nien News

Email Print

Bong Mieu gold mine in Quang Nam Province. Photo credit: Dan Tri Bong Mieu gold mine in Quang Nam Province. Photo credit: Dan Tri

 

Gold miner Besra Vietnam said Monday it was working with the Bao Minh insurance company to calculate the damages and losses caused by typhoons and floods that halted its operation at the Bong Mieu mine in the central province of Quang Nam last November.

The Bong Mieu mine was temporarily closed for repairs following massive flooding and Bersa has estimated the resulting losses and damages at US$4.5 million. 

The company was hit by two typhoons late last year, followed by severe tropical rains which destroyed the access road to the site and caused significant damage to the operation.

“After more than six months of hard work by our staff and contractors, we will be restarting mining operations shortly, with the plant and production ramping up to normal levels in the following months,” Besra CEO Jon Seton said.  

Seton said the dewatering of the underground mine was 95% complete, and would be fully completed within the next few days.

Mining equipment had also been transported back to site, and some 45 employees were currently working on site, with a further 300 to be called back by the end of June, he said.

In Vietnam, Bersa Gold Inc is partnered with Phuoc Son Gold Company and Bong Mieu Gold Mining (Bersa Vietnam) in Quang Nam Province.

Like us on Facebook and scroll down to share your comment

More Business News

Indian plastics machinery manufacturers say imports from Vietnam and some other countries are sold at lower than market prices, causing injury to domestic industry. Photo credit: Vietnam Competition Authority

India probes dumping of Vietnamese plastic machinery

Indian authorities have opened an anti-dumping investigation into imports of plastic processing machines from Vietnam, Taiwan, the Philippines, and Malaysia, the Vietnam Competition Authority said Saturday