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Update news gold miners
Gold exploitation companies, both Vietnamese owned and foreign invested, are bogged down in big debts, but gold trading companies are making fat profits.
VietNamNet Bridge - Money invested in Phuoc Son cannot rescue the gold company owned by a Canadian group from bankruptcy. Hundreds of creditors, including the chair of a town, have had to resign from their posts to spend time to collect debts.
VietNamNet Bridge – Some 45 rescue personnel and soldiers from the Military Command, Border Guard and Fire Protection teams in the central province of Thanh Hoa were dispatched yesterday morning to rescue three trapped gold miners.
VietNamNet Bridge - The Quang Nam provincial authorities have suggested allowing Viet A Bank to take over one of two gold mining companies belonging to Besra Group which owe large sums to the local taxation agency.
VietNamNet Bridge – The great efforts by the Quang Nam authorities to stop the illegal gold mining have just brought modest effects. More gold diggers have died, while the environment has got seriously polluted.
VietNamNet Bridge – In a raid against illegal gold miners in Phuoc Son district of the central province of Quang Nam, local police found a pit containing more than 480kg of explosives.