This information was announced by Vietnam National Coal and Mineral Industries Holding Corporation Limited (TKV) during a working session with the People's Committee of Dak Nong Province on April 8, 2024.
According to a report by TKV, the group has finalized the Master Scheme for "Comprehensive Development of TKV's Bauxite - Alumina - Aluminum Sector up to 2030, with a Vision to 2045". Under the Scheme, by 2030 in Dak Nong Province, TKV will concentrate investments on expanding and upgrading the capacity of the Nhan Co Alumina Complex to approximately 2 million tons of Alumina/year, and constructing the new Dak Nong 2 Bauxite-Alumina-Aluminum Complex with a designed capacity of 2 million tons of Alumina/year and 0.5 - 1 million tons of Aluminum/year.
Mr. Nguyen Tien Manh – Deputy General Director of TKV reports on mineral exploration, exploitation, processing, and utilization plans for 2021-2030 and TKV's Bauxite projects in Dak Nong Province
TKV will execute 2 exploration projects and 5 Bauxite-Alumina-Aluminum investment projects with an estimated total investment exceeding VND 182,000 billion. Among these, priority is given to executing the Dak Nong 2 Aluminum Smelter Project starting in 2024, striving for completion by 2030 to enhance deep-processing value and contribute to turning Dak Nong into a national aluminum industrial hub.
To prepare for forthcoming project rollouts in Dak Nong, TKV has formulated capital financing plans and allocated nearly VND 1,000 billion for bauxite exploration across Dak Nong Province, securing mineral reserves to feed alumina and aluminum production. TKV expressed full confidence in the project feasibility and committed to early implementation.
Working session overview between TKV and the People's Committee of Dak Nong Province
During the meeting, TKV leadership outlined existing bottlenecks encountered during previous project execution and proposed recommendations regarding exploration, mining, processing, and bauxite-alumina-aluminum utilization.
Provincial departments, sectors, and local authorities expressed unanimous support for TKV's ongoing and pipeline projects in Dak Nong. However, addressing site clearance and land compensation difficulties faced by the Nhan Co Alumina Plant previously, local leaders urged TKV to adopt proactive, flexible, and detailed compensation mechanisms to gain public consensus and ensure smooth execution.
Concluding the working session, Vice Chairman of Dak Nong Provincial People's Committee Le Trong Yen acknowledged TKV's positive contributions to provincial socio-economic development. For pipeline projects, he instructed TKV to conduct thorough surveys respecting local strengths and past lessons, formulating feasible plans with special emphasis on environmental protection and public consensus.
Mr. Le Trong Yen delivers concluding remarks at the working session
Regarding bauxite and alumina mining, as multiple enterprises are surveying investment prospects in the province, TKV must coordinate focused exploration to prevent concession overlaps.
"Dak Nong always supports and accompanies TKV in deploying upcoming provincial projects. TKV's projects will play a vital role in spearheading the Alumina and Aluminum industrial sector in Dak Nong moving forward," stressed Mr. Le Trong Yen.
Source: Industry and Trade Magazine (Bao Cong Thuong)
