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Over 40 million tonnes of potassium found in Khammouane
June 4, 2007

Vietnam Chemical Industry Co., confirmed this week the foundation of at
least 40 million tones of potassium deposit in Ban Saphang, Nong Bok
district, central province of Khammouane.

According to the result of primary survey and prospecting, the mine with
the area of 10 sqkm has a potassium deposit in a 5-30 m-thick layer under
the ground, Khammouane Energy and Mines Service Deputy Director Mr Bouddy
Bounthavong. “The founding very impresses the concession company.”

If the prospect completes at the end of this year, the company will invest
US$ 250 million in the construction of its factory and another 700 million
in the extraction work and environmental protection activities.

The company says that potassium from the mine will be enough for domestic
consumption and export to the neighbouring countries.

This mine is another big industrial investment project in Khammouane
following the cement plant with an annual capacity production of 800,000
tonnes. Mr Bouddy was quoted as saying.

The company has provided an assistance to local people in constructing
artisan wells, installing electricity and providing other basic needs,
said Head of Prospect Team of the company Mr Tinh.

Over 30 companies have been authorised to invest in extracting and
surveying minerals in Khammouane so far. KPL

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