Bauxite Mining in Vietnam




According to Reuters News

http://economictimes.indiatimes.com/news/international-business/Citi-lends-Vietnam-200-mn-for-bauxite-complex/articleshow/5796550.cms

" Citibank has signed a $200 million loan agreement with Vietnam's top coal miner, Vinacomin, to help it develop a bauxite complex.....


The 13-year credit deal was signed in Washington on Monday and witnessed by Vietnam's Prime Minister Nguyen Tan Dung who was attending the nuclear security summit, the government said in a statement.


It gave no further details on the terms of the credit. State-run Vietnam National Coal-Mineral Industries Group has been building two bauxite mining and processing complexes in the Central Highlands coffee belt that have attracted the attention of critics worried about Chinese involvement and possible environmental damage.


The construction of a $460 million aluminium plant at one of the sites has been awarded to Chalieco, a subsidiary of China's state-run aluminium firm Chinalco. Vietnam's bauxite reserves are among the biggest in the world at 5.5 billion tonnes, almost all of which is in the Central Highlands, according to the Ministry of Natural Resources and Environment. Vinacomin has said it plans to sell $500 million of bonds overseas this year to support major mining projects, including coal, bauxite and titanium..."





According to an article written by Duy Hoang in the Asia Times :

http://boxitvn.wordpress.com/

"......The perceived risk has sparked a rare public outcry in Vietnam's government-controlled society, with residents, scientists, state media, bloggers and even military officers lodging vocal protests.


Though apparently not coordinated, their collective dissent is part of a budding Vietnamese environmental movement, notable for challenging the state's traditionally unquestioned authority in implementing large-scale economic development projects.

In recent months, a number of local scientists have written thoroughly researched articles, some published in state-controlled media, exposing weaknesses in the government's mining plans. A state-sanctioned domestic news site, vietnamweek.net, has been at the forefront of probing the issue, while bloggers have provided even more critical analysis..."

Comments

璇陳陳陳竹 said…
死亡是悲哀的，但活得不快樂更悲哀。. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August 13, 2010 at 10:00 PM
瑰潼 said…
老天爺賦予了強者的能力，就是要他比弱者多擔待..................................................
August 18, 2010 at 4:01 AM
Post a Comment

Popular posts from this blog

Kim Lee, Top 100 Sexiest Women in the World

Image
According to FHM, Kim Lee is one of the top 100 sexiest women in the world.  She was born on May 22, 1988 in the US.  Her mother is Vietnamese-American and her father is a featured film screenwriter with French heritage. 

Kim, with her exotic Euro-Asian looks, is highly sought as a model.   She also has appeared in various televion shows and movies.   She currently resides in LA.


Read more

Ash Kalra vs. Madison Nguyen

Image
The California State Assembly race for D27 is getting intense between the two main candidates - former San Jose Vice Mayor Madison Nguyen and City Councilmember Ash Kalra.

Nguyen and Ash both have raised the maximum limit of $550,000 for their respective campaign.  But Nguyen with the huge support from PACs is raising a concern of out-of-state special interest groups trying to influence the race.  It is unusual to have this much money pouring into a primary for a state assembly seat.   Just for comparison,  two years ago, the Republican Party and PACs spent $3 million for the whole state senatorial race to support Janet Nguyen and her campaign against Jose Solorio.  And it was considered to be a crucial race for the Republican Party to prevent the Democratic Party of an absolute majority in the State Senate.

So far local PACs have spent about $400,000 to support Kalra while special interest groups have put it over $1.7 million to support Nguyen.


Here is a press release by Ash Kalra&…
Read more

Kieu Hoang, The First Vietnamese-American Billionaire

Image
Kieu Hoang, 69, the owner of RAAS Group debuts recently on the 2014 Forbes Billionaires List after the shares of one of his companies,  Shanghai RAAS Blood Products took a big jump this year.   His net worth is estimated to be $1.8 billion.  

He was born in Quang Tri, a city in the central region of Vietnam.   He came to the US in 1975 and is currently  resides in Southern California.  In 1980, he founded a plasma testing company with a central lab center established in Agoura Hills.   In 1992, he branched into China and founded Shanghai RAAS.  

Kieu is well known for some of his tourism ventures in Vietnam, including his efforts to organize Miss World 2010 in Vietnam.  However, he made a mess of himself with his wheeling dealing and ultimately shut down his many ventures.   The press in Vietnam was quite critical of him as a typical brash Viet Kieu throwing their money to buy influence and fame in Vietnam.




The other wealthy Vietnamese-American that made it big in the hi-tech is th…
Read more