The southern bourse-listed Nam Bay Bay Investment Joint Stock Co (coded NBB) announced to carry out the necessary procedures to merge Quang Ngai Mineral Investment Joint Stock Co (QMI) as the member company by the end of March 2010. The company will hold up to 90 percent of QMI’s chartered capital.
Quang Ngai Mineral Investment JSC has owned a granite processing plant and construction stone workshop with other mines of granite, land, mineral water and titanium. QMI is located at Plot No C1-3, Tinh Phong Industrial Zone, Tinh Phong Commune, Son Tinh Dist, Quang Ngai province.
On February 24, QMI was granted the license for surveying titanium ore on the areas of 1,026 hectares along the coastal length of 16 kilometres in local communes of Duc Thang, Duc Chanh, Duc Thanh, Duc Minh and Duc Phong, Mo Duc Dist, Quang Ngai province.