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MEI Online: Plant Operation News: Middle East & Asia: February 27th 2003

 
 

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:: Chinese Alumina Investment

Three Chinese companies, including the world's second largest alumina producer, China Aluminum Corp. (Chaleo), are to establish a new company, Guangxi Guixi Huayin Aluminum Corp., for the purposes of mining bauxite deposits and establishing a new alumina refinery near Guixi in western Guangxi in southern China. Chaleo is taking a 33% stake in the new company.

Its partners are state-owned Minmetals Nonferrous Metals Co. Ltd, also with 33%, and Guangxi Investment Ltd, with 34%. The new company will be established with a registered capital of YulO million (US$1.2 million).

The proven and probable bauxite reserves in western Guangxi exceed 500 Mt and the partners will exploit them "once conditions permit". No further details about the timing of the commencement of mining operations were given.

It is understood, however, that the operation will be designed on a scale "sufficient to produce 800,000 t/y of alumina" and that refinery construction could begin by the end of this year with refining commencing in 2005. According to a Chaleo executive, the investment could be of the order of Yu3 billion (US$362 million) and after a few years of operating a doubling of refining capacity may be considered.

 

 

   

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