Fate of Ban Phuc Nickel remains murky The fate of Ban Phuc Nickel mine invested by Ban Phuc Nickel Mines Limited Liability Company (BPNM) remains uncertain. A representative of the Son La Department of Industry and Trade told VIR that the mine’s operation has been suspended since October last year. To date, the department has yet to receive any specific plans to resume the mine’s operation from the investor. Previously, in October 2017, BPNM officially decided to suspend the operation of Ban Phuc Nickel mine until September 30, 2018 due to the company’s massive losses. In 2007, Asian Mineral Resources Limited (AMR), a global mining group listed on the bourse in Toronto, Canada, was granted the licence to exploit and process ores in the Ban Phuc nickel ore mine, which has a reserve of more than 200,000 tonnes of nickel and 18,000 tonnes of copper. According to the initial plan, AMR will co-operate with domestic enterprise Son La Mechanical Engineering JSC to establish … [Read more...] about BUSINESS IN BRIEF 28/3
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CII sets up targets for Thu Thiem River Park
Ho Chi Minh City Infrastructure Investment JSC (CII) targets to open the mock-up unit of the $400-million Thu Thiem River Park complex in April this year. According to the latest statement from CII, the detailed zoning of this project will be approved by March 30, 2018. CII aims to start the construction of Thu Thiem River Park within the year By September 30 this year all the documents of the project will be completed and the project will be started right away. The project will also launch sales from October this year and will be completed in December 2021. Located at Thu Thiem Urban Area in District 2 of Ho Chi Minh City, Thu Thiem River Park is developed by CII and Hongkong Land. The project will provide around 1,140 units, including luxury apartments, sky villas, and garden apartments, and was designed and arranged intelligently with a variety of unit sizes ranging from one to four bedrooms, and scenic views on the Saigon River and surrounding green areas. Further … [Read more...] about CII sets up targets for Thu Thiem River Park
2018 promising for foreign property investors
Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.— Photo vneconomy.vn Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players. One of the biggest locations was Thu Thiem, the new urban development area in HCM City, that saw a number of high-profile deals including one jointly by Hongkong Land (HKL) and Ho Chi Minh Infrastructure Investment Joint Stock Company (CII). In December last year they signed a contract to jointly develop Thu Thiem River Park in the Thu Thiem New Urban Township, District 2. The project will provide around 1,140 units including luxury apartments, sky villas and garden apartments; designed with a variety of unit sizes ranging from one to four bedrooms, and enjoying the … [Read more...] about 2018 promising for foreign property investors