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Tag: mine

  • Vietnam discovers 12 mines containing over 10 tons of gold

    Vietnam discovers 12 mines containing over 10 tons of gold

    A major gold discovery in central Vietnam has revealed 12 mines containing over 10 tons of gold and 16 tons of silver, according to the Mid-Central Geological Division.

    The discoveries were made following geological investigations across 32 areas with gold ore potential.

    Vietnamese authorities have identified around 500 gold-bearing locations nationwide. Of these, 30 sites have undergone detailed surveys, revealing an estimated total of 300 tons of gold reserves. Most of these deposits are concentrated in mountainous areas of northern Vietnam and several central provinces.

    Starting in 2025, the Department of Geology and Minerals has been launching a new project to evaluate mineral potential in central Vietnam, focusing on localities like Quang Nam, Quang Ngai, Binh Dinh and Phu Yen provinces.

    Another mineral survey project, initiated in 2017, led to the recent discovery of 40 gold mines with total estimated reserves of nearly 30 tons.

  • Korea’s manufacturing and mining shipments up 7 percent

    Korea’s manufacturing and mining shipments up 7 percent

    Korea’s manufacturing and mining industry shipments increased in 2017, mainly due to growth in the electronics, refined petroleum and machinery sectors, a government report showed on Tuesday. Combined shipments by companies in the sectors with more than 10 employees reached 1,516 trillion won ($1.34 trillion), up 7 percent, or 99.7 trillion won, from the year before.

    The increase is attributable to a 14.6 percent year-on-year rise in electronics shipments and a 26.6 percent gain in shipments from local refined petroleum businesses during the one-year period, the agency said. The machinery sector posted a 19 percent year-on-year rise last year.

    Such gains offset losses in the shipbuilding and automaking sectors, it said.

    The report also said that the average shipments for manufacturing companies stood at 21.7 billion won last year, up 6 percent from 2016.

    It said value-added product deliveries by mining and manufacturing companies rose 8.1 percent, or 41 trillion won, in 2017 to over 547.7 trillion won.

    As of the end of 2017, there were 69,790 mining and manufacturing companies in the country employing 2.96 million people. This represents a slight fall from the year before.