Nhan Co Alumina Plant will increase total capacity to 2 million tons

Investing nearly 30,000 billion VND for the second alumina production line project

The investment project to expand and increase the capacity of Nhan Co Alumina Factory will be invested right on the current Nhan Co Alumina Factory site.

The project will increase the capacity of Nhan Co Alumina Plant by about 1.2 million tons/year. The project's completion will help bring the total capacity of the entire Nhan Co Alumina Plant to 2 million tons of alumina/year.

The investment project to expand and increase the capacity of Nhan Co Alumina Factory will be invested right on the site of the current Nhan Co Alumina Factory, with a capacity of about 1.2 million tons/year.

According to TKV, the project to invest in a new second alumina production line and synchronous auxiliary items has a total estimated investment of VND29,986 billion. The project will start implementation in 2025 and will operate for about 30 years.

The project is implemented in full compliance with the mineral planning, as well as the current capabilities and technical advances in alumina production. Investment costs and time will be reduced thanks to the connection and maximum use of the infrastructure invested in phase 1.

After being fully invested, the project will also help increase the operational safety coefficient and technological backup system for the entire project, thanks to the technological interconnection between the existing and new lines.

The project will create jobs for about 400 workers.

TKV will also maximize the investment efficiency of the entire complex by applying advanced technology techniques to invest in new production lines on the existing land of the operating project.

Recently, TKV has successfully piloted two bauxite mining and alumina production projects in Tan Rai (Lam Dong) and Nhan Co (Dak Nong), which were highly appreciated by the Politburo.

The projects initially formed the bauxite - alumina industry in Vietnam, creating the premise to expand the two existing bauxite projects, as well as invest in new bauxite - alumina - aluminum projects with appropriate scale and roadmap.

The Nhan Co Alumina Plant Project has a designed capacity of 650,000 tons, started construction on February 28, 2010 and put into commercial operation on July 1, 2017. Over the past time, the plant has always been operated stably. The output products ensure good quality.

Products of Nhan Co Alumina Factory are currently exported to many countries around the world.

The factory's product quality indicators all meet and exceed design requirements. The factory's products are currently exported to countries such as: India, Korea, Japan...

The project has made an important contribution to promoting the economic and social development of Dak Nong. TKV also fulfilled the 5 requirements set out earlier such as: ensuring the natural environment; maintaining security and national defense; preserving local cultural identity; promoting economic and social development; developing transport infrastructure...

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From its operation until 2024, the converted alumina output of the Nhan Co alumina complex reached 5.47 million tons. The project has paid the State budget 4,438 billion VND; of which, 538 billion VND in 2024 alone.

Many new expectations

According to the assessment, when the project comes into operation, it will bring many socio-economic benefits to the locality. In particular, the revenue (export) of Nhan Co Alumina Factory will reach about 10,684 billion VND/year.

The factory's pre-tax net profit is about 4,425 billion/year. Each year, the factory will contribute about 700 billion VND to the local budget. At the same time, it will create jobs for about 400 workers.

The project will contribute about 700 billion VND/year to the local budget.

In particular, when implementing the project, infrastructure will be invested and upgraded, contributing to economic growth, scientific, technical, cultural and social development for the locality. The labor structure will be shifted from agriculture to industry and services.

The project will also create the premise for the construction and development of supporting industries, as well as contribute to promoting the economic and social development of Dak Nong.

The project will create the premise for the construction and development of supporting industries in Dak Nong.

The project is established in accordance with plans such as: Planning for exploration, exploitation, processing and use of minerals in the period 2021-2030, with a vision to 2050; Planning of Dak Nong province in the period 2021-2030, with a vision to 2050.

Dak Nong has now agreed on the investment policy for the Bauxite Ore Processing Plant Complex Project in Mine Cluster 1 (existing Nhan Co Alumina Complex).

The locality requested TKV to deploy procedures, documents, and processes to invest in increasing the capacity of Nhan Co Alumina Complex from 0.65 million tons of alumina/year to 2 million tons of alumina/year.

Regarding the source of raw materials to meet the capacity increase of the complex, Dak Nong requested TKV to mobilize according to Decision No. 866 and submit to competent authorities for consideration and decision.

TKV is implementing procedures to invest in increasing the capacity of Nhan Co Alumina Complex from 0.65 million tons of alumina/year to 2 million tons of alumina/year.

The province reported and proposed to the Politburo, the Government, and the Prime Minister for policies for Dak Nong to build specific mechanisms and policies on the development of the bauxite - alumina - aluminum industry in the province.

In particular, priority is given to resources focused on supporting and investing in synchronous development of infrastructure, as well as developing bauxite - alumina - aluminum complexes according to the circular economic model, green economy. From there, Dak Nong will be built into the bauxite - alumina - aluminum industrial center of the country.

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Since its inception, Nhan Co Alumina Plant has created direct jobs for over 1,100 workers, with an average income of over 14 million VND/person/month. At the same time, it has provided social security support to the locality with a total amount of 216 billion VND.

Source: https://baodaknong.vn/nha-may-alumin-nhan-co-se-nang-tong-cong-suat-len-2-trieu-tan-247950.html