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HA NOI (Biz Hub) — The People's Committee of central Quang Ngai Province has given nod to Huong Hai Group Co Ltd to set up a rare metals factory in Ba To District, the Ministry of Industry and Trade newspaper has reported.
The project has a total investment capital of over VND1.4 trillion (US$66 million) and will specialise in mining and processing bronze and other metals to provide for the domestic industry and for exports.
The factory is planned to have an annual capacity of 1,500 tonnes. It will officially become operational in 2014 according to the provincial Department of Planning and Investment.