The approved investor is Binh Phuoc Ore Mining JSC (Quang Binh Phuoc), which will operate in Nghia Binh, Nghia Trung, Thong Nhat, and Duc Lieu communes of Bu Dang district with a land area of 299.9 ha. The designed capacity is 2 million tons of alumin per year.
The total investment capital is VND 22,780 billion, of which the investor’s contribution is VND 6,834 billion, equivalent to 273.4 million USD, and the mobilized capital is VND 15,946 billion, approximately 637.8 million USD. The project’s duration is 30 years from the date of the mining license issuance. The construction and completion of the basic building are expected to take place within five years from the land grant and construction permit issuance, with the first line operating from Q2/2026 to Q1/2030 and the second line from Q2/2029 to Q4/2031.
Binh Phuoc Ore Mining JSC was established in 2008 under the initial name of Vien An B.P JSC, headquartered in Binh Phuoc province. The company was first directed by Mr. Cat Quang Vinh as General Director and legal representative, and then Mr. Nguyen Thai Duy Duong took over as the legal representative. The initial chartered capital was VND 500 billion, with An Vien JSC holding the most significant founding stake at 62%.
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Founder Shareholder Structure of Quang Binh Phuoc
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In April 2024, the company changed its name to the current one, registered ten employees, and specialized in constructing railway and road projects. As of October 2024, the company’s chartered capital was VND 7,989 billion. Mr. Phan Thanh Nam is the General Director and legal representative.
In addition to the above complex, in February 2025, the Binh Phuoc Ore Company submitted an environmental impact assessment report to the Ministry of Natural Resources and Environment for the project on bauxite ore mining, ore dressing, and alumina production in Binh Phuoc. The People’s Committee of Binh Phuoc province approved the investment policy and selected the Binh Phuoc Ore Company as the investor on January 23, 2025.
The project has a land area of 10,143 ha and a designed capacity of 5 million tons of refined ore per year. The mining design capacity is approximately 12 million tons of ore per year. It is located in Nghia Trung, Nghia Binh, Duc Lieu, Thong Nhat, Phuoc Son, Doan Ket, Dong Xoai, Tho Son, Phu Son communes of Bu Dang district, and Phuoc Tan commune of Phu Rieng district.
The total investment capital is VND 3,850 billion, equivalent to 154 million USD. The investor’s capital contribution is VND 1,155 billion, or 46.2 million USD, and the mobilized capital is VND 2,695 billion, or 107.8 million USD, which will be mobilized according to the project progress. It is known that the Binh Phuoc Ore Company has contributed enough investment capital in cash.
The project implementation schedule is as follows: Q1/2025 to Q4/2025 – complete the procedures for investment policy approval, appraisal of the feasibility study report, and environmental impact assessment report. For mining: Q2/2026 to Q3/2027 – basic construction of the Thong Nhat mine; Q4/2027 to Q3/2028 – operation of the mine; Q1/2029 to Q4/2030 – basic construction of the Tho Son mine; Q1/2031 to Q4/2031 – operation of the mine. For ore dressing: Q4/2028 to Q4/2031 – construction and completion of three ore dressing plants.
 Location of the raw ore mining area of the project on bauxite ore mining, ore dressing, and alumina production in Binh Phuoc. Source: Environmental Impact Assessment Report.
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Thu Minh
– 10:39 09/03/2025
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Sure, I can assist you with that.
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