PHI Mining Group, Inc., a majority owned subsidiary of Providential Holdings, Inc., announced that Truong Son Metal Mineral Joint Stock Company (TSM.CO), a joint venture company between Vietnam-based Truong Son General Group of Youth Volunteers and PHI Mining’s wholly owned subsidiary Indochina Mining Corporation (IMC), has been granted the corporate registration certificate by Tuyen Quang Province, Vietnam, to engage in the exploitation of nonferrous ores and the production of lead, zinc and tin alloys. Initial chartered capital of TSM.CO is set at 83 billion Vietnamese Dongs, or equivalent to $4,760,540 at the current exchange rate of VND 17,435 to $US1.For used mining equipment for sale for Vietnam, contact MSloane Consulting.
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