A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.
A bauxite megaproject in Vietnam’s Central Highlands has been making losses totaling VND3,696 billion (US$165 million) in the last three years, but the developer is unconcerned, believing that it will start generating profits in 2017.
Vietnam currently has two major bauxite mining projects, Nhan Co in Dak Nong Province and Tan Rai in Lam Dong Province, both developed by Vinacomin, the country’s state-run coal and minerals giant.
Bauxite, an aluminum ore, is the world’s main source of aluminum.
Nguyen Van Bien, Vinacomin’s deputy general director, confirmed to Tuoi Tre (Youth) newspaper that the Tan Rai bauxite plant has been operating at a loss. Tiếp tục đọc “Developer remains upbeat as Vietnam’s bauxite project logs $165mn loss”











