Vinacomin #530
Created at
2013-02-15
Last update
2013-02-15
0 Parents (Involvements as child)
2 Children (Involvements as parent)
ID
Name
Vinacomin
Country of registration/origin
Vietnam
Classification
Private company
Relationship
Subsidiary company
ID
Name
Thach Khe Iron Ore Joint Stock Company (TIC)
Country of registration/origin
Vietnam
Classification
Semi state-owned company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
30.00 %
Comment
Developers for the Thach Khe mining project comprise nine domestic companies that have scaled up US$150 million for the Thach Khe Iron Ore Investment Company (TLC).
The state-run Vietnam Coal and Mining Industries Group contributed 30 per cent of the TIC capital, Vinasteel 20 per cent, Ha Tinh Mining and Trading Corp 4 per cent, Song Da Corp 5 per cent and the Bank for Development of Vietnam 5 per cent. Foreign investors are also allowed to invest in TIC with combined ownership no more than 30 per cent.