Chalieco, a subsidiary of Chalco, China’s largest aluminum producer, and Nhan Co-TKV Alumina Corp began construction of an alumina plant in the Central Highlands Monday.
This VND8.84 trillion ($500 million) plant in Dak Nong Province will be completed in two years, the contractors said at the groundbreaking ceremony.
Chalieco will hire several Vietnamese subcontractors while up to 2,000 workers and engineers from both Vietnam and China will be deployed for the construction.
Ground was broken for the complex eight months ago.
The plant is expected to annually produce 650,000 tons of alumina from which aluminum is made.
Two bauxite plants are under construction in Vietnam, the other being in Lam Dong Province which will produce 630,000 tons of alumina a year when it is soon finished.
The state-owned Vietnam National Coal Mineral Industries Holding Corporation Limited, which is developing the two facilities, said it has got the license to work the mine at the site of the first plant.
Vietnam has the world’s third-largest bauxite reserves, according to a 2009 US Geological Survey.
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