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Vietnam to invest $7.3 bln to enhance alumina, aluminium production

Vietnam's top miner Vinacomin strategies to invest 182 trillion dong ($ 7.3 billion) to increase its aluminaaluminium production to meet the country's rising need for the metal, the government stated on Tuesday.

The financial investment by the state-run company will go to 2 bauxite exploration tasks and 5 refining tasks in the Central Highlands province of Dak Nong, the government said in a. declaration. It did not provide an amount of time for conclusion.

The Southeast Asian nation, a local manufacturing hub,. began its alumina production more than a decade back, but there. have been concerns about contamination and high electrical energy. intake.

According to the government, Vinacomin will raise the. alumina capacity of its Nhan Co Alumina complex to 2 million. loads a year from 650,000 tons.

It will also triple the capacity of the. bauxite-alimuna-aluminium Dak Nong complex nearby to 2 million. lots of alumina and 0.5-1 million tons of aluminium a year, the. federal government stated

Dak Nong province has a reserve of 5.4 billion lots of. bauxite, the most typical raw material used for alumina and. aluminium production, according to state media.

(source: Reuters)