Chinese company to mine bauxite in Central Highlands

Vietnam is blessed with the world’s third-largest reserves of bauxite, the raw material for aluminium, and the government is keen to reap the benefits. Under a plan that the prime minister, Nguyen Tan Dung, has called “a major policy of the party and the state,” the government is seeking to attract $ 15 billion or more of investment to develop bauxite mining and aluminium refining projects by 2025. It has already signed a contract with a subsidiary of Chinalco, a state-owned Chinese mining group, to build one mine and agreed with Alcoa, an American aluminium giant, to carry out a feasibility study for another.

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