Decision No. 77/2003/QD-TTg on the transformation of the Chemical Mining Company into the Limited Liability Company for Explosives Industries.

Pursuant to …;

Regarding the transformation of the Chemical Mining Company into the State Capital Limited Liability Company for Industrial Explosives Materials

 with sole membership

_____________________

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the State Enterprise Law on April 20, 1995;

Pursuant to Decree No. 63/2001/NĐ-CP dated September 14, 2001;

Considering the proposal of the Chairman of the Board of Directors of Vietnam Coal Corporation and the opinions of the Ministries of Industry, Planning and Investment, Labor, Invalids and Social Affairs, Home Affairs, Finance, and the Central Economic Commission,

DECISION:

Article 1. The Chemical Mining Company, an independent accounting member enterprise under Vietnam Coal Corporation, shall be transformed into the State Capital Limited Liability Company for Industrial Explosives Materials with sole membership.

The State Capital Limited Liability Company for Industrial Explosives Materials (referred to as the Industrial Explosives Materials Company) shall have its own seal, open accounts at domestic and foreign banks in accordance with the law, operate according to the Company's Articles of Association and the Law on Enterprises.

- Full name: State Capital Limited Liability Company for Industrial Explosives Materials.

- Abbreviation: Industrial Explosives Materials Company. 

- International trade name: INDUSTRIAL EXPLOSION MATERIALS LIMITED COMPANY.

- English abbreviation: IEMCO.

- Registered capital: 36,646,634,829 Vietnamese dong.

- Transaction account: 710A-00088 Bank of Commerce Hoan Kiem Branch, Hanoi.

 - Main office: Phan Dinh Giót Street, Phuong Lieu Ward, Thanh Xuan District, Hanoi City.

Article 2. Business activities of the Company:

- Production, compounding, testing, and use of industrial explosives materials (IECM);

- Research and application of scientific and technological progress in production, compounding, testing, and use of IECM.

- Import and export of IECM, raw materials, chemicals for production and business of IECM;

- Storage, packaging, supply, and national reserve of IECM;

- Production and supply of technical materials, electrical wires, explosive packaging materials, sanitary paper, living coal, construction materials;

- Design and construction of industrial, civil, transportation, hydraulic, and mining projects;

- Production of labor protection goods and export garments;

- Drilling, blasting, underwater blasting services;

- Import of technical equipment, garment raw materials; supply of fuel oil and technical equipment, mine timber;

- Road, river, sea transport, transit transport, management and exploitation of ports, shipping agency, repair of transport means, road transport machinery construction and modification, catering services for guests;

- Engaging in other business activities based on the company's capacity, market demand, and permitted by law.

Article 3. Organization and operation:

1. The organizational structure of the Company includes:

- Board of Directors;

- General Director and supporting staff; 

- Subordinate units of the Company.

2. The organization and operation of the Company are specifically regulated in the Company's Charter on organization and operation.

Article 4. The State body authorized to represent the owner:

The Board of Directors of Vietnam Coal Corporation, located at 95A Le Thanh Tong Street, Ha Long City, Quang Ninh Province. The Board of Directors of Vietnam Coal Corporation is responsible for exercising the rights of the owner according to Government Decree No. 63/2001/NĐ-CP dated September 14, 2001, and the Company's Articles of Association.

Article 5. The Industrial Explosives Materials Company is responsible for receiving and effectively using the capital and assets transferred by the Board of Directors of Vietnam Coal Corporation to fulfill the tasks of developing production and business; inheriting all rights and obligations of the Chemical Mining Company.

Article 6. The Board of Directors of the Industrial Explosives Materials Company is responsible for drafting the organizational and operational regulations of the Company to submit to the approval of the Board of Directors of Vietnam Coal Corporation; appointing the General Director, Deputy General Directors, and Chief Accountant of the Company in accordance with current laws.

Article 7. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Board of Directors of Vietnam Coal Corporation, the General Director of the Chemical Mining Company, and the Board of Directors of the State Capital Limited Liability Company for Industrial Explosives Materials with sole membership are responsible for implementing this Decision.