Vietinbank to loan $100 million for mining
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) on January 19 signed an agreement to provide a VND2.1 trillion ($100 million) loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong.
The Hanoitimes - Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) on January 19 signed an agreement to provide a VND2.1 trillion ($100 million) loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong
The bank has inked a credit contract with the Vietnam Coal and Mineral Industry Group (Vinacomin), the project's investor, in
The Nhan Co bauxite-alumina project comprises of two components. The first will be a bauxite refining plant, expected to supply 1.65 million tons of bauxite each year. The second will be an alumina plant with capacity to produce 650,000 tons per year.
The project is expected to foster sustainable socio-economic development, security and political stability in the
Under an approved plan for the period 2007-2015,
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