The Tan Rai ore-bauxite factory, part of the Lam Dong Aluminum-Bauxite Complex Project, is expected to come into operation in April, said the project management board.
At present, the Tan Rai Aluminum Bauxite Project has completed around 90 percent of its targeted construction.
With investment capital of almost US$700 million, the Tan Rai complex, located in Lam Dong Province, aims to produce 600,000 tonnes of alumina per year and will increase its output to 1.2 million tonnes by 2015. The duration of the project, run by the Viet Nam National Coal and Mineral Industries Group (Vinacomin), will be 30 years.
Vinacomin is also developing the Nhan Co bauxite mining and refinery complex in Dak Nong. The complex is expected to churn out its first produce early next year.
With the operation of the Tan Rai and Nhan Co bauxite mining and refinery complexes, Vietnam hopes to become a competitive alumina exporter worldwide.
The country is currently recognized as having the third largest bauxite reserves in the world after Genuine and Australia, but most of the mineral remains untapped and concentrated in the country's northern mountains and the Central Highlands