Authorized by the Prime Minister, Deputy Prime Minister Bui Thanh Son has just signed Decision No. 625 approving the Development Strategy of the Vietnam National Coal - Mineral Industries Group to 2030, with a vision to 2045 (TKV Development Strategy).
TKV needs to maximize the value of the coal - mineral - metallurgy interconnected model.
Accordingly, the general goal of the Strategy is to develop TKV into a strong economic group, contributing an important role to the development of the state economy.
Notably, the Government requires TKV to innovate and apply advanced exploration technology, especially for areas with complex geological conditions and great depth; continue to seek research partners to select appropriate exploration technologies and methods to explore the Red River Delta Coal Basin.
The Red River Delta coal basin covers an area of over 3,500 km2, with reserves of about 210 billion tons. (Photo: Ministry of Agriculture and Environment)
It is known that the Red River Delta coal basin has an area of over 3,500 km2 located in the Hanoi trough stretching from Viet Tri - Phu Tho to Tien Hai - Thai Binh, with a depth of (-) 3,500m, with an estimated reserve of about 210 billion tons of coal.
Research projects of the authorities all show that the Red River coal basin has very high coal resource potential.
If calculated at a depth of -3,500 m, the total coal resources reach 210 billion tons, 20 times larger than the Quang Ninh coal basin. However, the resource potential and the actual exploitable reserves are completely different.
Along with that, the Government orients TKV to develop the mineral and metallurgical industry.
The Government assigned TKV to take the lead in everything from bauxite exploration and exploitation to the development of the alumina-aluminum production industry, creating a driving force for the development of Vietnam's aluminum industry and contributing to economic development in the Central Highlands provinces on the basis of investing in expanding the capacity of the Tan Rai and Nhan Co alumina complexes to about 2 million tons of alumina/year/complex.
TKV is allowed to invest in the Dak Nong 2 bauxite - alumina - aluminum complex with a capacity of 2 million tons of alumina/year, 0.5 million tons of aluminum/year and the aluminum electrolysis plant project in Lam Dong province with a capacity of 0.5 million tons/year.
In particular, strive to complete the Dak Nong 2 aluminum electrolysis plant project in 2030, to increase the value of deep processing, contributing to building Dak Nong province into a national aluminum industrial center.
Deep processing of minerals to create products of high economic value; research and investment in a steel billet factory project in Ha Tinh (in case the Thach Khe iron mining and processing project is permitted by competent authorities to continue implementation), a factory producing total rare earth oxide/separate rare earth, superfine zircon, pigment, sponge titanium/metal titanium and deep-processed products from copper cathode.
For the Central Highlands bauxite minerals, Binh Thuan titanium, Lai Chau rare earth, Thanh Hoa chromite, copper mines in Lao Cai... invest in developing and forming mining complexes associated with processing, applying advanced technology and modern equipment.
The Government requires TKV to reorganize its business model to improve the operational efficiency of its member units. Reorganize investment consulting, design, supervision and project management units in a streamlined and professional manner.
Notably, the Government requires TKV to divest from subsidiaries and affiliated companies that are ineffective or not suitable for development orientation in the coming period.
Source: https://vtcnews.vn/chinh-phu-chi-dao-tkv-tham-do-be-than-song-hong-tru-luong-gap-20-lan-quang-ninh-ar932872.html
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