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Update news bauxite
VietNamNet Bridge - As warned by experts, the revenue from Nhan Co and Tan Rai bauxite projects has been disappointing.
The problem at Tan Rai bauxite pipeline lies in the technology and the low-quality of the pipeline. This is why it broke down four years after the factory opened.
VietNamNet Bridge - Scientists have successfully built up a technological process of making fine iron ore, steel and unburned building materials from suitable red mud.
VietNamNet Bridge – Vietnam plans to double the production capacity of the Tan Rai and Nhan Co projects to 2.6 million tons of alumina per annum.
VietNamNet Bridge - The bauxite factories of Tan Rai and Nhan Co can be equitized in 5-7 years, says a senior official from the Ministry of Industry and Trade.
Affirming that bauxite projects would be profitable, the Vietnam Coal and Mineral Industries Group has asked for the preferences in borrowing capital, tax incentives and fee reductions to help ease difficulties.
VietNamNet Bridge - It is expected that the Tan Rai bauxite consortium will be officially handed over to the Vietnam Coal and Mineral Group (Vinacomin) in September after a trial period.
Deputy Prime Minister Hoang Trung Hai has confirmed that the bauxite project in the Central Highlands region will bear fruit in the long run.
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Many investors had to sacrifice their projects for the Ke Ga Port while many others have invested in projects in order to serve the future port. Now, the port project is cancelled, making investors cry.
Reasoning that the output of alumina of the Tan Rai and Nhan Co bauxite factories is low, it is unnecessary to build the deep water port of Ke Ga in Binh Thuan province.
VietNamNet Bridge – After four times of delays, the Tan Rai bauxite plant will have its first batch of product on December 14-15.