bauxite_mining_inVN - INTERNATIONAL UNIVERSITY Business...

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1 INTERNATIONAL UNIVERSITY Business Ethic Report Dilemma of Bauxite mining in Tay Nguyen Chau Nguyen Hai Dang     BAIU08002 Truong Hoai Anh                BAIU08043 Nguyen Van Tha                 BAIU08030 Hoand Dinh Phi Hai            BAIU08011 Nguyen Duc Duy                 BAIU08045 Tran Hua Thuy Tram          BAIU08034 11/27/2010
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TABLE OF CONTENT A. BAUXITE IN VIETNAM- A DILEMMA OVERVIEW…………………………………. .3 B. THE SUPPORTER’S VIEW- BENEFITS FROM MINING……………………………….4 C. THE OPPONENT’S VIEW- INFLUENCES……………………………………………….5 D. REVIEW AND SUGGESTING REMEDY………………………………………………. ..9 E. REFERENCES……………………………………………………………………………. ..16 2
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BAUXITE MINING IN VIETNAM – A DILEMMA OVERVIEW According to the United States Geological Survey, Vietnam is estimated to hold the world's third-largest bauxite ore reserves, after Guinea and Australia. The majority of Vietnam's reserves are located in the Central Highland and have only been minimally mined. Bauxite is typically strip mined and is used to produce aluminum. According to estimates by Vietnam's Ministry of Industry and Trade, Vietnam's reserves in the Central Highlands amount to 5.4 billion tons. Despite its large reserves, Vietnam produces only 30,000 tons of bauxite per year. A draft mining plan for bauxite was approved by the Vietnamese government in 2007. Vinacomin, a Vietnamese mining company, has laid out a plan for 6 bauxite mining projects covering over 1800 square kilometers in Vietnam's mountainous Central Highlands. The first two processing plants for the plan have been contracted to Chalco, a Chinese mining company. The Nhan Co project in Dak Nong Province and the Tan Rai complex in Lâm Đ ng Province are expected to produce 600,000 tons of alumina per year. Vietnam has indicated that it needs about $15.6 billion to invest in major bauxite and alumina refining projects by 2025. Prime Minister Nguy n T n Dũng has approved several large mining projects for the Central Highlands, asserting that bauxite exploitation is "a major policy of the party and the state." The mining plans have met with strong criticism from scientists and environmentalists. Forests and agricultural land used by coffee and tea farmers are threatened by the plans and opponents have raised concerns about the toxic waste red mud generated through the refinement of bauxite. Vietnamese general Vo Nguyen Giap has offered strong criticism of the plans, saying that a 1980s study led to experts advising against mining due to severe ecological damage.
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This note was uploaded on 12/10/2010 for the course BUSINESS 100 taught by Professor Mr.will during the Spring '10 term at Auckland University of Technology.

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bauxite_mining_inVN - INTERNATIONAL UNIVERSITY Business...

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