(KPL) Sakai Mineral Processing Factory in Ban Sakai of Sangthong district, Vientiane Capital, a joint investment of over US$30 million between Vietnam's Hong Quang Work Construction & Real Estate Investment Company and the Vientiane Trade Ltd Company was officially operated on 19 July.
The exploitation of silver and gold ore will be conducted on 11 ha by Sakai Mines Exploitation and Processing Company for 10 years that concession contract will be last in 2018.
The inauguration ceremony was attended by Deputy Prime Minister of Laos, Mr. Somsavath Lengsavad and Politburo member of the Communist Party of Vietnam Central Committee, Mr Le Hong Anh.
This joint venture between two companies was a practical contribution to mark the 50th anniversary of diplomatic ties and the 35th anniversary of the signing the Friendship and Co-operation Treaty.
Deputy Prime Minister Somsavat Lengsavad said the two countries will engage in other joint projects in spirit of traditional ties of friendship, close solidarity and comprehensive cooperation.