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A Large Number of International Jewelers Established Presence in Wuzhou
 
2005-05-10 Xinhuanet
 
 

According to reports of Economic Times and Plan & Investment News of Vietnam, BHP-Billiton of Australia, Chalco of China and some other countries are planning for more cooperation in Vietnam to exploit the Dak Nong Aluminum Mine. These reports also talked about the distribution and development of aluminum resources in Vietnam.

According to Plan & Investment News, BHP-Billiton of Australia, the world largest aluminum group, plans to invest US$40 million in prospecting the aluminum and bauxite resources of Dak Nong. If the prospecting results meet expectation, BHP-Billitoin will invest another US$160 million to develop the aluminum and bauxite resources of Dak Nong to produce alumina. In May 2004, BHP-Billiton was approved to prospect the Dak Nong mining area in cooperation with the Ministry of Industry of Vietnam, and worked out a prior feasibility study report on the development of aluminum and bauxite ores and the production and exportation of alumina.

.Source: Xinhuanet