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Exploit Bauxite Mine in Vietnam Should be holding by Vietnam

Friday, Dec 21, 2007
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Vietnam express said that prime minister of Vietnam government said recently that exploit bauxite mine should be adopt shareholding system from now, means holding by Vietnam. Report said that from now to 2015, seven aluminum plants and one aluminum ore base will build in Vietnam, annual output is 6.4-8.4 million ton. It is predicts that geology exploration fee will be 475 million dollars, exploit and processing projects may need 9.9-13.7 billion dollars. Base facilities need 1.9 billion dollars. It is said that bauxite reserve is predicted to 5.5 billion ton, 62% of them is in the middle highland of Dac Nong province. A lot of foreign companies are willing to invest in there, including Chalco, Alcoa and Rusal.

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