Friday, 26 December 2008

Vietnam signs agreement with Laos to explore iron ore

Vietnam signs agreement with Laos to explore iron ore

According to report, Vietnam’s Company of Economic Cooperation (COECCO) has signed an agreement with Lao Government’s representative on studying and exploring iron ore in Laos.COECCO will invest US$3 million for an initial capital on exploring, surveying and managing a feasibility study in 48 months into the 44sq. km area in Vientiane province.

COECCO will also submit the report to the Lao government for review.

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