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Phuoc Son
Update news Phuoc Son
Gold miners continue to report losses
Gold exploitation companies, both Vietnamese owned and foreign invested, are bogged down in big debts, but gold trading companies are making fat profits.
Town chair resigns to become debt collector
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.
Buyers of Phuoc Son, Bong Mieu gold are familiar faces
VietNamNet Bridge - Concerns have been raised about the acquisition of Phuoc Son and Bong Mieu gold mining companies, especially as the two investors taking over the bankrupt businesses are familiar names.
To export 400kg of gold, gold firms must pay tax debts
The two gold mining plants of Bong Mieu and Phuoc Son have to pay nearly VND400 billion (nearly $19 million) of tax debts before being licensed to export gold, said a Government official at a government press conference last week.
Will Besra, a tax debtor, be allowed to export gold?
VietNamNet Bridge - Though having not paid VND400 billion in tax, the two gold mining companies run by Besra Group in Quang Nam province may still be allowed to export nearly 400 kilos of gold.
Quang Nam wants to revoke Besra’s investment license
Provincial authorities have not been able to revoke the investment certificate granted to the Canadian gold miner Besra because of administrative procedures.
Quang Nam wants to close two gold mines
VietNamNet Bridge – The Quang Nam provincial People’s Council’s members have suggesting closing two gold mines in Bong Mieu and Phuoc Son to protect the area’s natural resources.
Forests destroyed at gold-mine site
Vietnam lost more than it gained after opening its Phuoc Son and Bong Mieu gold mines to a Canadian exploiter. Seven tons of gold were exploited, but the forests are now gone. Only the excavated land and polluted environment remain.
Finance Ministry wants two largest gold factories to resume operation
VietNamNet Bridge – The Finance Ministry wants the two largest gold factories – Bong Mieu and Phuoc Son in the central province of Quang Nam - to resume operation. However, local tax authorities have not agreed.
Illegal mining increases in Quang Nam after gold factories close
VietNamNet Bridge - After Bersa Vietnam suspended operations on July 23 at the Phuoc Son and Bong Mieu mine sites in the central province of Quang Nam, illegal gold mining has increased at the sites.
Two largest gold mines forced to pay taxes
VietNamNet Bridge – The Tax Bureau of the central province of Quang Nam has decided to take coercive methods to collect taxes from the two biggest gold mining firms in Vietnam, Phuoc Son and Bong Mieu.
