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The value of the contract has not been disclosed.According to the report, Luhanskpidzembud, which has over 20 years of experience in mine works on the Southeast Asian market, will build the mine shafts.

National Mining University (Dnipropetrovsk) will act as a consultant and will draw up and realize a program for the training of the Vietnamese employees who will take part in the construction on how to work in such shafts, and on the rules for the exploitation of Mining Machines’ equipment.The equipment that will be used to construct the shafts will take into account local geological specifics and ensure the Vietnamese company stays within its desired budget for the work.

"The Vietnamese market for our company is one of the key markets in line with our strategy. In the next four years Vietnam plans to boost coal extraction to 75 million tonnes per year. Growth in extraction by 35 million tonnes from the current level will be ensured thanks to underground extraction. The agreement signed with the largest national company will allow us to strengthen our presence in Vietnam," reads the report, citing Mining Machines Director General Yevhen Romaschin.

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