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Dak Nong to invest in aluminum project

Update: June, 11/2014 - 08:14

The working session was held to outline a plan for the construction of Dak Nong aluminum-electricity project at a total cost of US$500 million.— Photo daknong.gov.vn

HA NOI (VNS) — People's Committee of the Dak Nong Central Highland Province had a working session with the Tran Hong Quan Trading Co Ltd this week for the construction of a project.

The working session was held to outline a plan for the construction of Dak Nong aluminum-electricity project at a total cost of US$500 million.

During the first phase, the plant expects to have a production design of 300,000 tonnes of finished products during 2013-2015.

In the second phase, the plan will have a capacity of 600,000 tonnes of finished products annually. The project is invested by Tran Hong Quan company, and raw materials for the plant production will be provided by the 650,000 tonne capacity Nhan Co Aluminum Plant in the same province, which is invested by the Nhan Co Aluminum Joint Stock Company under the Viet Nam Coal and Mineral Industries Group at a cost of more than VND11.5 trillion ($547.62 million. — VNS

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