Vietnam, Laos strike mineral exploration deal

Vietnam and Laos signed an agreement in Vientiane on March 10 to explore for tin, zinc and lead ore in the northern Lao province of Houphanh.


The agreement stipulates that the Vietnamese Thien Phu company will invest US$3 million to explore for minerals in a 500km2 area over the next 5 years.

If the project proves feasible, the company will submit a further proposal to the Lao government to conduct further negotiations.

Source: VNN

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