VSC to carry out feasibility study in Quy Xa mine

VSC to carry out feasibility study in Quy Xa mine

Vietnam Steel Corporation (VSC) will reportedly carry out feasibility study in Quy Xa iron ore mine in Lao Cai, Vietnam with the cooperation of northern Lao Cai province and China's Yunnan province. Quy Xa, having a reserve of 120 million tons, will export 1 million tons of iron ore to China per annum. The feasibility studies, which will be conducted to exploit iron ore and to produce steel ingot in the mine will cost $50 million. Through the project, 1.5-2 million tons of iron ore is planned to be exploited in Quy Xa mine.