Gold miner Besra Vietnam suffers massive losses
Canadian Besra Inc.’s Besra Vietnam, the operator of two gold mines in the central province of Quang Nam, namely Phuoc Son Gold Company Ltd. and Bong Mieu Gold Mining Company Ltd., has suffered a loss of over VND1 trillion ($44.7 million) with a short-term debt volume of VND2.5 trillion ($111.7 million). Besra Vietnam has to face continuous losses as well as financial trouble due to the impact of the global slump in gold prices in recent years. Besra Vietnam had its bank account frozen and its invoices invalidated in April 2014 by the Quang Nam Tax Department as a result.
