Cavico Corp has received approval from the Vietnamese prime minister for its proposal to construct a vertical coal mine shaft in Vietnam.
The company submitted the initial project proposal to the prime minister’s office in March this year.
State-owned mining company Vietnam National Coal and Mineral Industries Group (Vinacomin) has been appointed to select a site in the country upon which Cavico will construct the midsize vertical mine shaft.
Vinacomin and Cavico will jointly develop and present a construction proposal for the shaft to Vietnam’s Ministry of Industry and Trade during the third quarter of this year.
According to the company, the project is in line with Vietnam’s long-term strategy to shift from open-pit coal mining to vertical shafts that enable miners to extract coal at greater depths from complex geological terrain and are considered more environmentally friendly than open-pit mines.