The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it.
by Theodore Roosevelt

Bauxite VN: Economic analysis by Viet Nguyen (07/Apr/2009)

source: TuanVietNam,

Continue reading Bauxite VN: Economic analysis by Viet Nguyen (07/Apr/2009)

Bauxite VN: Govt actions & decisions

04/May/2009: TKV to train 800 local workers for bauxite projects (source: Dự kiến, khi đi vào hoạt động năm 2011, các dự án khai thác bauxite, luyện alumin Nhân Cơ và Tân Rai sẽ giải quyết việc làm ổn định cho hơn 3.000 lao động.

01/May/2009: Govt to  report to the National Assembly about bauxite projects (source: govt website / vnexpress:, in Vietnamese)

29/Apr/2009: VN to go ahead with bauxite plans but won’t sell stakes to foreigners, (source: Reuters, HANOI, April 29 – Vietnam said it would go ahead with a bauxite project in a $460 million contract with a Chinese company, but it will not sell stakes in such ventures to foreigners. Vietnam has said it needed about $15.6 billion to invest in major bauxite and alumina refining projects by 2025 to make use of its vast, largely unmined bauxite ore reserves, most of them in the Central Highlands. Russia’s UC RUSAL, the world’s largest aluminium producer, has a deal with a Vietnamese firm to build a $1.5 billion alumina refinery using bauxite from Binh Phuoc deposit in southern Vietnam outside the Central Highlands. Alcoa has said it will not pursue a joint project that was proposed last year.

29/Apr/2009: Vietnam to review Chinese bauxite mining project (source:,vietnam-to-review-chinese-bauxite-mining-projects.html) Vietnam will review the environmental and economic impact of controversial Chinese-backed bauxite mining projects in the country’s Central Highlands, Vietnamese press reported Monday. According to the state-owned Vietnam News, the decision came at a meeting of the Politburo of Vietnam’s Communist Party on April 16, but was not announced to the public until Monday 27/Apr/2009.

28/Apr/2009: Politburo approves bauxite mining (source: RFA, Nguyen Trung, Vietnam’s former ambassador to Thailand, said the Politburo should consider the concerns of the community. “I think the Politburo is listening to ideas regarding a review of the bauxite project. This is advisable as they said it must be carried out with respect for the environment and local residents,” Nguyen Trung said. “The government should find another method of developing the Central Highlands.”

24/Apr/2009: Bauxite mining is Politburo’s strategy (Source:; in Vietnamese)

11/Apr/2009: Deputy PM Hoang Trung Hai: Vietnam not to develop bauxite industry at any cost. Source: The Deputy PM instructed to adjust the master plan on zoning off the bauxite exploitation, processing and utilisation for the 2007-2015 period with a view towards 2025, making it suitable to the new conditions and based on new data. He also required a report on assessment of environmental impacts. Due to Vietnam’s power shortage, the bauxite exploitation will initially serve alumina production, but for a long-term view, plans for aluminum production should be prepared, Deputy PM Hai said.

09/Apr/2009: Public announcement of bauxite plans (Source:, in Vietnamese)

08/Nov/2007: Vietnam Wants USD 15.6 bln to Tap Vast Bauxite Reserves (source: PM Nguyen Tan Dung has asked relevant authorities to set up shareholding companies in which Vietnamese entities would hold majority stake to mine and process the minerals. A host of foreign companies have expressed interest in investing in Dak Nong, the bauxite hub, including China’s Chalco, Alcoa Inc. of the United States and Russian firm United Company RUSAL.

2007:  Utilizing Bauxite Ore Resources in Tay Nguyen: an article in Vietnam Economic News detailing and applauding govt bauxite plans.

Continue reading Bauxite VN: Govt actions & decisions

Alcoa, China, and Russia’s UC RUSAL

Vietnam bauxite decision may affect Alcoa project


HANOI, April 29 (Reuters) – Vietnam said it would go ahead with a bauxite project in a $460 million contract with a Chinese company, but it will not sell stakes in such ventures to foreigners, throwing doubt over an Alcoa Inc (AA.N) deal.

Continue reading Alcoa, China, and Russia’s UC RUSAL