08:58 Day 09/07/2019
The contract signing ceremony of the partnership agreement between Lao government and Quang Trung company about Barite exploitation
On January 16th, 2014, Quang Trung Investment Company Limited signed a contract with the Lao government to mine for Barite and conduct the Barite manufacturing process. Based on the contract, Quang Trung company will invest $3,500,000 (equivalent to 28 billion Kip) in this project to build a Barite powder processing plant on 2.5 hectares and mine for Barite ore in the mine area which covers 17,48km2.
The project promises to provide international market with Barite ore and Barite powder with an average of 60,000 to 80,000 tons/year within 12 years.