Must have a broader vision on the development of Aluminium and aluminum industry in Vietnam

Bringing overall efficiency in both socio-economic terms

Implementing the conclusion of the Politburo, 2 pilot investment projects to exploit and process bauxite ore into Alumin (the main raw material for aluminum refining) in Tan Rai, Bao Loc, Lam Dong and Nhan Co in Dak Nong were started. in 2008 and 2010 initially achieved economic efficiency.

Although it was deployed at a time when there were many different views on bauxite mining and processing in the Central Highlands and the low price of Alumin on the world market, since 2017, Alumin factories have started making early profits. 1 year longer than planned. Thanks to the use of modern technology in the world, the purity of Alumin is higher than the design, with less energy consumption. Both factories strictly complied with the law on budget, taxes and fees, and have basically paid off loan capital and bank interest. The Vietnam Coal and Mineral Industries Group affirmed that if the world alumina price drops from 12% to 17%, both projects will still be economically viable.

Reporting at the meeting, Deputy Minister of Industry and Trade Do Thang Hai said that the two projects basically met the requirements of the Politburo. In which, the Ministry of Natural Resources and Environment has completed the bauxite ore exploration project. Accordingly, the two projects basically satisfied the requirements of environmental protection, in which the safety factor of the red mud lake was increased by 3 times, the return of land and afforestation immediately after exploitation were carried out properly. as required. The investor has also built power plants to ensure power supply for the 2 plants. “With the results recorded from 2 projects, for the first time, Vietnam basically mastered the Alumin production technology with young human resources, and at the same time attracted investors to initially form the Alumin industry and refinery. aluminum in Vietnam” – Deputy Minister said.

Another important issue is that when the two projects operate, the preservation and preservation of cultural identities of ethnic groups in the Central Highlands and national security and national defense are still ensured. The income of local people has increased, from 17 million VND/year on average before 2007, up to now, it has increased to 65 million VND/year.

It can be affirmed that, after 10 years of pilot implementation of two bauxite mining and processing projects, Tan Rai and Nhan Co, this shows that this is the right policy of the Party and State, bringing about overall efficiency in both economic economy – society, ensuring security – defense, making an important contribution to changing the face of the Central Highlands according to the principle of effectively exploiting the potential of this region.

The Prime Minister pointed out that the report needs to be comprehensive, in-depth and more visionary on the development of the Alumina and aluminum industry in Vietnam to 2025 and 2030. In fact, there are two pilot mining projects. bauxite and alumina processing Tan Rai and Nhan Co have made certain contributions to the country’s economy, attracting investors to the aluminum smelting field, thereby promoting the development of the mechanical and equipment manufacturing industry. equipment and auxiliary chemicals. “These projects have made positive contributions to the development of the Central Highlands in recent years, a premise to consider the expansion of bauxite mining and processing in the Central Highlands when the planning is approved by competent authorities.” – The Prime Minister emphasized.

The Prime Minister also requested that, in the future, if the Alumin and aluminum industries are to be developed on the basis of these two factories, they must be associated with the market and ensure economic efficiency, because aluminum smelting often requires a lot of electricity. Accordingly, it is necessary to mobilize potential businesses from many other sectors to invest in projects. “Besides, it is necessary to research and develop off-road transport modes from factories in the Central Highlands to seaports, along with the application of new technology to treat red mud,” noted the Prime Minister.

The Prime Minister further suggested that in order to sustainably develop the aluminum industry and aluminum smelting, special attention must be paid to environmental protection, ensuring security, national defense, social order and safety. Especially to protect the living environment of the Central Highlands people including mountains, forests, water, air and unique cultural space of ethnic minorities.