The Vietnam Coal and Mineral Group (Vinacomin) will begin implementing the Engineering, Procurement and Construction (EPC) bid package for the Nhan Co Alumina Factory in Dak Nong Province on February 28.
The bid package will be executed under a US$655-million contract covering the factory’s design, materials and equipment procurement, and installation and construction services.
The factory in the Central Highlands is expected to be completed by 2012 with a designed capacity of 650,000 tons of alumina per year.
Upon operation, it is expected to generate about VND3.75 trillion ($197.5 million) in revenues per year, provide more than 13,000 jobs, and pay about VND750 billion ($39.5 million) to the State budget per year.
Earlier, on February 25, the Dak Nong Province People’s Committee said the report on expected economic efficiency of the Nhan Co alumia factory has been approved by Prime Minister Nguyen Tan Dung.
Vinacomin has assured related ministries and departments that it can ensure economic efficiency, environmental protection and minimal impact on regional culture.
The Nhan Co bauxite mine has total estimated reserves of 270 million tons. The project is the second of its kind in the country, the first one having been developed in Lam Dong Province earlier, Vinacomin said.
