The mining chemical industry was established in December 20th 1965 under the decision of the Heavy Ministry, responsible for receiving and maintaining Industrial Explosive Material (IEM) from SNG, China and Eastern European countries, supplying to economic industries.

Since 1995, the demand for IEM has been increasing, Aiming at unifying management, safety producing, trading and better satisfying IEM for economic industry. In March 29th 1995, the Government Department had the Declaration No.44 allowing to establish the Mining Chemical Company (MICCO), and based on that, in April 1st 1995, the Power Ministry (Now the Industry Ministry) had the decision No.204 NL/TCCB-LD establishing the Mining chemical Company, taking responsibility of chose process: from research, producing, co-processing experiment maintaining, national storing IEM, exporting and importing explosives, material chemicals for IEM production to after supplying services such as: transportation, mining design, explosion and other duties beyond IEM.