Lam Dong hands over 100 more hectares of land to TKV Group for bauxite mining

Lam Dong Provincial People's Committee has just issued a decision to allocate more than 100 hectares of land in Bao Lam district to TKV Group to exploit bauxite ore.

Bauxite mining at Tan Rai bauxite - aluminum complex (Bao Lam, Lam Dong) - Photo: MV

On February 19, Lam Dong Provincial People's Committee announced that it had just issued a decision to allocate an additional 100 hectares of land in Bao Lam district to the Vietnam National Coal and Mineral Industries Group (TKV) to exploit bauxite.

Mining activities take place at the Tan Rai bauxite - aluminum complex project, implemented by Lam Dong Aluminum Company. The land allocation price for project implementation is determined to be 562,400 VND/ ^m2 .

The land use term lasts until September 20, 2039, in the form of the State leasing land with annual payments for mineral exploitation activities.

Tan Rai bauxite - aluminum complex is under the management of Lam Dong Aluminum Company. The complex officially operated in September 2012, with an expected aluminum production capacity of 600,000 tons/year.

However, the complex's current capacity has exceeded the design, with the converted aluminum output in 2024 reaching 710,000 tons, equivalent to 109.2% of the plan.

Tan Rai bauxite - aluminum complex contributes 300 - 500 billion VND/year to the budget, accounting for over 30% of industrial production value and nearly 40% of export turnover of Lam Dong province.

Previously, Lam Dong Aluminum Company was approved to reclaim 428.22 hectares for bauxite mining. As of early 2024, only 73.3 hectares had been approved for compensation, but only about 40 hectares could be exploited due to their concentration. The remaining area is scattered and lacks access.

Source: https://tuoitre.vn/lam-dong-giao-them-100ha-dat-cho-tap-doan-tkv-khai-thac-boxit-20250219181146927.htm