【SMM Steel】Hoa Phat proposes joint venture to assess Thach Khe iron mine

Published: May 28, 2026 18:32

Save

【SMM Steel】Hoa Phat Group has proposed forming a joint venture with other major Vietnamese enterprises including Vinacomin and THACO to research and restructure the Thach Khe iron ore mine project in Ha Tinh province. The site holds over 500 million tonnes of reserves capable of supplying high-quality ore for premium steel production. The project has been stalled for 15 years due to environmental, safety, and infrastructure concerns. Hoa Phat argues that only large domestic firms have the necessary financial resources and expertise, and has offered to fund international mining and metallurgy experts to evaluate safety before proceeding.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

[SMM Analysis]Expectations Game under Cost Squeeze – September Outlook for Coking Coal, Coke, and Iron Ore

6 hours ago

7 hours ago

MMi Daily Iron Ore Report (September 16)

Iron ore prices strengthened somewhat in the afternoon today. The DCE main contract I2701 closed at 709 yuan/ton, up 0.14% from the previous trading day.

7 hours ago

9 hours ago

[Domestic Iron Ore Brief] Iron ore prices in the Chengde area of Hebei are expected to continue consolidating on a subdued note

Prices for 65% grade vanadium-titanium iron ore concentrates in Chengde, Hebei, slipped to 885 yuan/mt. Production halts at local mines and beneficiation plants are quite widespread. A major local mine recently completed its mining permit, but some related procedures still need to be processed.

9 hours ago