November 20, 2008

Chalieco to build alumina plant in Vietnam

It is reported that Chalieco had signed cooperation agreement with Vinacomin, the largest nickel producer in Vietnam to jointly invest USD 4.6 billion in building an alumina plant at Central Highlands in Vietnam.

As per report, the cooperation consists of three projects, including the design of alumina plant, equipment purchases and engineering construction. Chalieco planned to finish the alumina plant within two years. The annual production of the alumina project is expected to reach 600,000 tonnes.

Chalieco is a subsidiary of Chalco, the most powerful and the only international engineering cooperation that has independent intellectual property rights and technology in Chinese aluminum industry.

The alumina resources reservation is expected to reach 5.8 billion tonne to 6.3 billion tonnes, the third largest after Guinea and Australia. The Vietnamese government expressed that the major project of alumina and alumina refining plant with an investment of USD 15.6 billion will be finished before 2025 to develop extensive and great alumina resources in Central Highlands of Vietnam.