Start of Mineral and Mine Damage Corporation Integration... 'Gwanghae Mining Corporation' Establishment Committee Held

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kwon Haeyoung] The Ministry of Trade, Industry and Energy held the first meeting of the 'Corporation Establishment Committee' on the 1st in preparation for the launch of the Korea Mine Reclamation and Mining Corporation scheduled for September.

The Corporation Establishment Committee plans to handle tasks related to the dissolution of the Mine Reclamation Corporation and the Mineral Resources Corporation, as well as the establishment and investment of the new corporation over the next six months. The committee is composed of a total of 15 members, including the Vice Minister of the Ministry of Trade, Industry and Energy as the chairman, the heads of the two organizations, and private experts in organization, accounting, and law.

At the meeting, deliberations and resolutions were made on ▲the operation regulations of the Corporation Establishment Committee ▲the schedule for promoting the establishment of the corporation ▲and the plan to commission specialized institutions related to the establishment of the integrated corporation.

Park Jin-gyu, Vice Minister of the Ministry of Trade, Industry and Energy, stated, "The Korea Mine Reclamation and Mining Corporation Act was enacted about three years after the decision to integrate the two organizations in 2018," adding, "We will strive to prepare a vision for the launch of the Mine Reclamation and Mining Corporation through cooperation between the two organizations and the efficient operation of the Corporation Establishment Committee."

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