Chalco starts RMB-4.17 bln projects in Guangxi

Posted by tjdetai on July 15th, 2015

Pure Nickel

Nov. 26, 2010 (China Knowledge) - Aluminum Corp of China Ltd or Chalco<601600><2600> has started construction on three projects with investment totaling RMB 4.17 billion in the Guangxi Zhuang Autonomous Region, according to the State-owned Assets Supervision and Administration Commission.

The three projects, which will go into operation at the end of next year, are expected to contribute more than RMB 5 billion in sales revenue and RMB 1.2 billion in industrial value-added output.

Upon the overall operation of these projects, Chalco's Guangxi subsidiary will produce a total of 2.5 million tons of alumina, 550,000 tons of electrolytic aluminum and 220,000 tons of iron ore concentrate, bringing its industrial value-added output to more than RMB 10 billion.

Chalco is also reportedly to buy into Guangxi Nonferrous Metals Group to help the latter firm to list rare-earth business in the domestic market, and China Nonferrous Metals Mining Group also has intention to invest in Guangxi Nonferrous Metals.

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