Alumina plant expected to stimulate Dak Nong’s economy hinh anh 1A corner of the Nhan Co Alumina Plant in Dak Nong province. (Source: VNA)

Dak Nong (VNA) – The Nhan Co alumina plant in Dak Nong province is expected to stimulate economic development in southern Central Highlands in general and in Dak Nong in particular.

The plant, a key industrial project invested by Vietnam National Coal-Mining Industries Holding Corporation Limited (TKV), is slated to start official production in the first quarter of 2017. The project has total investment of 16.8 trillion VND (754 million USD) and a capacity of 650,000 tonnes of alumina per year.

According to Hoang Hai Quoc Minh, director of the Dak Nong-TKV Aluminium Company, the Nhan Co alumina factory, now in trial run, has produced 60,000 tonnes of alumina and 33,000 tonnes of aluminium hydroxide. The company has exported aluminium hydroxide to Japan and the Republic of Korea in early February.

Meanwhile, alumina will be supplied to the Dak Nong Aluminium Electrolysis Plant, which is now under construction.

Minh said the Nhan Co project marks a turning point in TKV’s mining operation in the Central Highlands and will significantly boost local GDP growth by contributing to the State budget, creating jobs and increasing local income.

During the construction of the plant, the TKV granted scholarships for 766 local young people to receive training, and invested 70 billion VND in building local infrastructure.

The Nhan Co plant is one of the two trial projects important to the development of the bauxite-alumina-aluminium industry in Vietnam. The other project is the Tan Rai alumina plant, also in the Central Highlands.-VNA