DANKA MINERALS JOINT STOCK COMPANY

DANKA MINERALS JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN KHOÁNG SẢN ĐAN KA): A Private Supplier in Vietnam’s Mining Supply Chain

Legal Status

DANKA MINERALS JOINT STOCK COMPANY, known locally as CÔNG TY CỔ PHẦN KHOÁNG SẢN ĐAN KA, operates as a joint stock company under Business ID and Tax Code: 0100914529. The company was officially registered on June 11, 1999 with the Department of Planning and Investment of Hanoi City. Over more than 25 years of continuous operation, it has established a stable legal foundation and presence in the Vietnamese market.

The company’s registered address is No. 258, Ba Trieu Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi City, Vietnam. It is a privately held enterprise with full charter capital of USD 8,627,419, fully paid up as of December 31, 2023. DANKA MINERALS primarily engages in the wholesale of solid, liquid, and gaseous fuels and related products, while also holding registrations in diverse sectors including mineral extraction, metal manufacturing, and water treatment services.

Key Personnel

DANKA MINERALS JOINT STOCK COMPANY is led by two principal executives. Mr. Nguyen Cong Su serves as the Chairman of the company. He is a Vietnamese national and also a key shareholder. Supporting the company’s operations is Ms. Le Thi Kim Thanh, the General Director, who likewise holds Vietnamese nationality and owns an equal share in the company. Both executives play critical roles in shaping the strategic direction and operational effectiveness of the business. Together, they control 90% of the company’s ownership, with the remaining 10% held by Mr. Nguyen Le Dan.

Despite its modest workforce of only 40 employees, the company has managed to grow its commercial activities significantly, suggesting a lean yet efficient management model.

Financial Data

DANKA MINERALS JOINT STOCK COMPANY experienced dramatic shifts in its financial structure over the last three fiscal years. In 2023, total assets stood at USD 32.93 million, which represents a sharp 51.43% decrease from the previous year. However, other indicators reflected positive performance. Sales revenue surged to USD 216.65 million, a 38.7% increase year-over-year, indicating high trading activity or contract fulfillment during the year.

Net profit reached USD 559,390, almost doubling compared to 2022, reflecting an 85.3% growth in profitability. Owner’s equity improved substantially, climbing from USD 5.26 million in 2022 to USD 9.51 million in 2023, which marks an 80.76% increase. Working capital also rose significantly, showing a healthier liquidity position at USD 8.91 million.

These indicators suggest that while the company may have streamlined or sold off some of its asset base, it maintained strong sales growth and improved profitability. This may indicate a strategic realignment towards higher-margin operations or a shift in business model to support trading and wholesale distribution rather than asset-heavy production.

Strategic Position

With a long-standing legal presence, a stable leadership structure, and growing financial indicators in key areas, DANKA MINERALS JOINT STOCK COMPANY stands as a noteworthy player in Vietnam’s mining supply chain. Its focus on energy-related wholesale, combined with involvement in mining, metallurgy, and environmental services, positions it to capture diversified revenue streams. As Vietnam continues to modernize its industrial infrastructure, the role of companies like DANKA MINERALS will be critical in supplying both raw materials and technical expertise to the broader market.