Shares Rise from 5,000 to 20,000 VND/Share, State Geological Company to Build 95 Billion Thermal Mineral Resort for Employees

Shares of MGC from CTCP Geological Mining – TKV have surged to 20,300 VND/share, marking the fifth consecutive day of increases this year. This surge is driven by China’s restriction on exports of several metals. MGC is part of TKV with a charter capital of 108 billion VND, generating an annual revenue of around 400 billion VND and net profit ranging from 2-5 billion VND. In 2024, the company reported a revenue of 327 billion VND, a decline compared to the previous year. MGC has announced a thermal mineral resort project in Cam Pha, covering 33,001.3 m2, aimed at serving employees in the coal industry and the local community, with a total investment of 95 billion VND.