On March 6, the Chief of Office of the People's Committee of Binh Phuoc province said that the People's Committee of the province has issued a decision approving the investment policy and approving the investor of the Binh Phuoc alumina processing and production project.
This project belongs to the bauxite mining, ore gathering and processing, and alumina production complex in Nghia Binh commune, Nghia Trung commune, Thong Nhat commune and Duc Lieu commune (in Bu Dang district).
The total land area used for the project is about 300 hectares of land of organizations and individuals. The designed capacity is about 2 million tons of alumina/year.
The total investment capital is about VND22,780 billion, equivalent to USD911.2 million. Of which, the investor's contributed capital is about VND6,834 billion, equivalent to about USD273.36 million, mobilized capital is about VND15,946 billion, equivalent to about USD637.84 million.
The project's operation period is 30 years from the date of being granted an exploitation license for the Binh Phuoc Bauxite Mineral Exploitation and Exploitation Project.
After the investment policy is approved and the project investor is approved, the investor must coordinate with local authorities to implement compensation, support and resettlement according to the provisions of law.
The People's Committee of Binh Phuoc province requires the company to use advanced technology during the exploitation process and strictly implement environmental protection according to the approved environmental impact assessment report. Investors ensure the safety of dams, prevent environmental incidents, and effectively implement social security policies for people in the project's affected areas.
In addition, after exploitation, investors must promptly return the previously exploited land area to hand over the land to the locality and people for production according to the provisions of law.
