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Cavico Corporation is a major infrastructure construction, infrastructure investment, and natural resources conglomerate based in Vietnam. On its website the company states that it "is the largest non-state-owned heavy civil construction contractor in Vietnam. The company has approximately 3,500 employees and is focused on large infrastructure projects such as the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants and urban developments in the country. Headquartered in Hanoi, the company has offices throughout Vietnam and a satellite office in Australia."
On January 17, 2010, Cavico Corporation announced that its subsidiary, Cavico Bridge and Tunnel, had signed a construction contract to excavate a transport tunnel for Ha Long Coal, a Vietnam National Coal and Mineral Industries Group (Vinacomin) subsidiary, at its Bac Coc Sau coal mine project in Quang Ninh Province. The cost-adjustable contract is valued at approximately US$2 million.
On May 19, 2011, Cavico Corp. announced that Prime Minster Nguyen Tan Dung had approved its proposal to construct a vertical coal mine shaft in Vietnam. Vinacomin will select a site in Vietnam for Cavico to begin the midsize vertical mine shaft. Cavico will be the first domestic construction contractor to construct a vertical coal mine shaft in Vietnam, reportedly in line with the Vietnamese government's long-term strategy to shift from open pit coal mining to vertical shafts. In Quang Ninh Province, a vertical mine shaft in the region that is 1,000 feet deep and 21 feet wide is under construction by a foreign contractor, at a total investment of $40 million. The mine is expected to produce more than one million tons of coal annually.
Articles and resources
- "Cavico Corporation", Cavico Corporation website, accessed June 2011.
- "Tunnel contract for Cavico at Vietnam coal mine" International Mining, January 17, 2011.
- "Cavico Announces Participation in Vertical Coal Mine Shaft Project" Globe News Wire, May 19, 2011.