TKV wants to invest in Bauxite

TKV wants to invest in Bauxite - Alumina - Aluminum projects with a scale of 182,000 billion VND

TKV has just presented the plan for mineral exploration, exploitation, processing and use in the 2021-2030 period and the implementation of TKV's Bauxite projects in the area to the leaders of Dak Nong province.

A working delegation of the Coal - Mineral Industry Group (TKV) led by Mr. Nguyen Tien Manh, Deputy General Director, has just conducted a field survey at Mine 1-5 in Dak Glong district, Dak Nong province to proceed with the implementation of the Dak Nong 2 Alumina production plant complex.

Previously, at the working session with the leaders of Dak Nong province, TKV also reported that the Group had completed the project "Overall development of TKV's Bauxite - Alumina - Aluminum sector to 2030, with a vision to 2045".

Mr. Nguyen Tien Manh, Deputy General Director of TKV is presenting the development plan of Bauxite - Alumina - Aluminum projects in Dak Nong.

According to this Project, in Dak Nong province by 2030, TKV will focus on investing in expanding the capacity of Nhan Co Alumina Complex to about 2 million tons of Alumina/year; investing in a new Dak Nong 2 Bauxite - Alumina - Aluminum Complex with a capacity of 2 million tons of Alumina/year and 0.5 - 1 million tons of Aluminum/year.

Accordingly, TKV will implement 2 exploration projects and 5 Bauxite - Alumina - Aluminum projects with a total estimated investment of over 182,000 billion VND, in which priority will be given to implementing the Dak Nong 2 Aluminum Electrolysis Plant Project in 2024, striving to complete it in 2030, to increase the value of deep processing, contributing to building Dak Nong into a national aluminum industry center.

Mr. Nguyen Tien Manh, Deputy General Director of TKV, said that in order to prepare for the implementation of upcoming projects in Dak Nong, TKV has developed resource plans for investment capital. Specifically, TKV has spent nearly 1,000 billion VND to explore Bauxite mines in Dak Nong province, meeting the implementation of Alumina-Aluminum projects in the province, preparing raw materials to meet the implementation of the projects.

TKV delegation worked with the People's Committee and departments of Dak Nong province

With the experience gained in implementing Bauxite - Alumina projects in the past in Lam Dong and Dak Nong, TKV is also very confident in the feasibility of these projects and commits to implementing them as soon as possible.

At the meeting, TKV leaders also pointed out some difficulties and problems in the process of implementing the Project in the past time, for projects expected to be implemented in the area in the coming time and proposed and recommended some contents related to the exploration, exploitation, processing and use of Bauxite, Alumina, Aluminum.

On the Dak Nong province side, the functional departments and local authorities at the meeting all agreed on the policy and supported the projects that TKV is implementing and will implement in Dak Nong in the coming time. However, in the face of current difficulties in compensation and site clearance to recover land for the Nhan Co Alumina Plant project in the past, the locality also requested that, in order to effectively implement the upcoming projects, TKV Group needs to learn from experience to develop specific and detailed plans, even be flexible and creative in compensation and support work to gain people's consensus and create more favorable conditions for project implementation.

Vice Chairman of Dak Nong Provincial People's Committee Le Trong Yen acknowledged the contributions of TKV to the development of Dak Nong in recent times and also said that many enterprises are currently conducting surveys and planning to invest in Bauxite mining and Alumina production in the province. Therefore, TKV needs to have a plan for exploration and survey of key areas to avoid overlap.

Mr. Nguyen Tien Manh, Deputy General Director, conducted a field survey at Mine 1-5 in Dak Glong district, Dak Nong province to proceed with the implementation of Dak Nong 2 Alumina Factory Complex.

Regarding the plans that TKV is expected to implement in the coming time, the Vice Chairman of Dak Nong Provincial People's Committee also noted that TKV needs to focus on carefully surveying the potentials and strengths of the province, combining the experiences over time of implementing projects in Dak Nong to build specific and feasible plans, in which, special attention should be paid to environmental issues, creating consensus among people in the project area.

“Dak Nong always supports and accompanies the Group in implementing upcoming projects in the province. TKV’s projects will make an important contribution to the development of the Alumina and Aluminum industry in Dak Nong in the coming time,” said Mr. Yen.

Source