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Monday, 18th December 2006 (5447 views)

The gold mining industry is taking shape in Vietnam, according to one mineral company, with another gold mine in the country planned for 2007.

Charles Barclay, the director general of Olympus Pacific Minerals, has said that the mine in Daksa in Phuoc Duc, will be operational by the end of 2007 and will compliment the mine which is already in place in Bong Mieu.

Both mines are long-term investments and are estimated to run for around 70 years with headquarters for the firm being set up within ten years in Vietnam.

Mr Barclay believes there is exceptional mining potential in the country although harsh terrain and weather was slowing the progress of work.

Olympus Pacific has been working in joint ventures with many partners to secure the building of these new mines and factories and Mr Barclay says their main worry now is the number of suitably qualified staff.

Due to the newness of a gold industry to Vietnam, the firms are currently having to employ foreign staff while they train up Vietnamese counterparts.

Mr Barclay added: "The gold mining industry will develop in Vietnam; therefore, it is time to think of providing staff for the industry."

 

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