The central province of Ha Tinh’s Department of Science and Technology (DoST) proposed shutting down Thach Khe iron mine – the largest of its kind in Southeast Asia – to protect the environment. Thach Khe iron mine in the central province of Ha Tinh. The proposal was issued at a conference on assessing the situation and efficiency of the mine, held by the Viet Nam Mining Coalition and the Viet Nam Union of Geological Sciences in Ha Noi on Friday. According to Director of Ha Tinh’s DoST Do Khoa Van the mine covers a large area in six coastal communes in Thach Ha District. It is estimated to have 544 million tonnes of iron ore reserves. In 2007, in order to meet the demand of domestic steel mills, the Government decided to begin mining activities at the site. The investor was Thach Khe Iron Joint Stock Company, including nine shareholders with chartered capital of VND2.4 trillion (US$102.7 million), of which the Vietnam National Coal and Mineral Industries Group (Vinacomin or TKV) was the main shareholder. The project was estimated to cost VND1.59 trillion, which included the cost of relocating 3,000 households. In 2009, the company began testing open-cast coal mining,… Read full this story
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