Vinacomin aims to increase bauxite mining by 23% in Central Highlands
2022-04-14 14:29:04 [Print]
Vietnam's mining giant Vinacomin intends to increase the mining of bauxite by 23% at its two mining and processing complexes in the Central Highlands, Tan Rai in Lam Dong province and Nhan Co in Dak Nong province. The two mines have reserves of around 260 million tons, according to Vinacomin.
If it gets the green light, the output of alumina at the complexes will rise by 150,000 tons a year, and Vietnam's alumina production could increase to 800,000 tons a year.
Vinacomin also sought the governmen's approval for its 2021-2030 plans, which would serve as a basis for it to begin new bauxite projects in the Central Highlands.
Vietnam has the world's third largest bauxite reserves of 3.7 billion tonnes, according to the U.S. Geological Survey. The majority of them are in the Central Highlands and have only been minimally mined.
If it gets the green light, the output of alumina at the complexes will rise by 150,000 tons a year, and Vietnam's alumina production could increase to 800,000 tons a year.
Vinacomin also sought the governmen's approval for its 2021-2030 plans, which would serve as a basis for it to begin new bauxite projects in the Central Highlands.
Vietnam has the world's third largest bauxite reserves of 3.7 billion tonnes, according to the U.S. Geological Survey. The majority of them are in the Central Highlands and have only been minimally mined.
Alumina 98.5%min FOB Australia
Unit:USD/mt
China alumina producers' inventory statistics by province by month
Unit: mt
