Vietnam Mining Corporation to increase tin output

Vietnam Mining Corporation to increase tin output

Vietnam Mining Corporation has recently announced that it will invest VND 75 million ($4.7 million) to increase its annual pure tin production to 820-1'000 tons by 2020. 66% of the total investment will be spent in mines and the remaining 33% will be spent in exploration of the mines. Vietnam Mining Corporation has tin mines both in Vietnam and abroad. Meanwhile, it is stated that Vietnamese government imposed strict sanctions against the illegal export of raw materials and mining.