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Tuesday, April 9, 2024 - 23:07:44
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Vietnam’s top miner Vinacomin plans to invest 182 trillion dong ($7.3 billion) to ramp up its alumina-aluminum production to meet the country’s rising demand for the metal, the government said on Tuesday.
The investment by the state-run firm will go to two bauxite exploration projects and five refining projects in the Central Highlands province of Dak Nong, the government said in a statement. It did not give a time frame for completion.
The Southeast Asian country, a regional manufacturing hub, started its alumina production more than a decade ago, but there have been concerns about pollution and high electricity consumption.
According to the government, Vinacomin will raise the alumina capacity of its Nhan Co Alumina complex to 2 million tons a year from 650,000 tons.
It will also triple the capacity of the bauxite-alumina-aluminum Dak Nong complex nearby to 2 million tons of alumina and 0.5-1 million tons of aluminum a year, the government said.
Dak Nong province has a reserve of 5.4 billion tons of bauxite, the most common raw material used for alumina and aluminum production, according to state media.
Short Link:
https://www.miningnews.ir/En/News/628244
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