Alumina plant expected to stimulate Dak Nong’s economy
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