Vinacomin suffers deficit for slow progress of Tan Rai bauxite plant

After much delay, the Tan Rai bauxite plant finally shipped the first batch of alumina products, slow third quarter compared to the first plan. Vinacomin expected, this year could yield about 300 tons, equivalent to U.S. $ 460 million.

According to the Vietnam Coal and Mineral Group (Vinacomin), the evening of 26/12, the Group has carried out bagging the first batch of alumina products factory alumina - aluminum bauxite combination of Tan Rai (Lam Dong) .

Director of Project Management - Phan Boi Loi said today the hydrated salt incubation period, an important stage of the production of alumina, has been completed.

Currently, the entire chain of alumina production plant is being closely monitored contractors.

Before that, at the regular press conference of the Ministry of Industry and Trade held afternoon 3/12, Deputy Minister of Industry and Trade Le Duong Quang said the first batch of alumina is expected stove around on 14-15/12.

Thus, the fact shipped the first batch of products in Tan Rai bauxite plant was delayed to the third quarter of the plan. Originally planned, the first batch of products had baked earlier quarter.

Alumina plans to ship the $ 470 million plant continuously delayed and slow progress is explained due to the lack of experience should not calculate all the possible risks.

Last November, Vinacomin has signed loan contract Citi Vietnam $ 300 million credit to finance projects in bauxite mining and alumina production.

Early ambitions of Vinacomin, Tan Rai alumina factory output will be about 300 tons, or 460 million dollars this year, half the annual rate. However, up to this point can conclusions, this plan has not been completed.