China, Japan in Vietnam's $460 million alumina deal

Vinacomin, Vietnam's largest coal producer, has signed a contract with a Chinese company to build a $460 million alumina plant in the Central Highlands, the Hanoi government said.

Vinacomin signed an Engineering, Procurement and Construction (EPC) deal with China Aluminium International Engineering Co (Chalieco) on Sunday, and Chalieco would build the plant within two years, the statement issued late on Monday said.

The alumina plant, projected to turn out 600,000 tonnes of alumina a year, is part of the bauxite and aluminium complex in the central highland province of Lam Dong, 300 kilometres (190 miles) northeast of Ho Chi Minh City.

Chalieco is the engineering arm of Aluminium Corp of China Ltd (Chalco) (2600.HK: Quote, Profile, Research), China's largest nonferrous metal company.

Chalieco has placed an order with Marubeni Corp (8002.T: Quote, Profile, Research), under which the Japanese firm would support and provide advice on legal and procurement issues on the project, which is due for completion in 2010, Marubeni said in a statement on Tuesday.
 

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