Ore mining industry suffers setbacks
A mining company has decided to give back to the state two iron ore mines with large reserves, an unprecedented move in the country. The decision to return the two mines under exploitation in Vietnam’s Ha Giang province, according to analysts, shows that the golden age of the mining industry is over. The industry began to face big difficulties in 2013. A lot of mining companies have temporarily closed mines and halted the exploitation. The reason behind the decision is that the exploitation cost is very high, while the iron content in the ore is low, at just 30-40 percent.
