The Viet Nam National Coal and Mineral Industries Holding Corporation Limited (Vinacomin) and Dongyang Gangchul, South Korea's leading aluminium producer, agreed to study proposals for three aluminium projects in Viet Nam, following a co-operation agreement inked yesterday between the two companies.
These projects would include construction of an alumina refinery, a plant supplying electricity for the refinery and a factory producing aluminium products.
"After this, Dongyang Gangchul will soon conduct a feasibility study, expected to cost US$200,000, on building an aluminium refinery and then advise Vinacomin on a suitable location and technologies," said Vinacomin President and CEO Le Minh Chuan.
Chuan said it was important to accelerate work with foreign companies to speed up development of the country's fledging aluminium industry.
Vinacomin is also developing the Nhan Co alumina refinery plant in the Central Highland province of Dak Nong. The construction of the plant will be finished in late 2012.