Two Chinese companies have established a joint venture to build a US$608 million  alumina plant in southwest China’s Guizhou province. Aluminum Corporation of China (Chalco) will hold a 60 percent share in the new business and Jinjiang Group will own 40 percent.

The Qingzhen Alumina Project will be built with the capacity to produce 800,000 tonnes per year. Construction will take one year, Chalco said in a statement.

Chalco chose the Qingzhen location for its  abundant bauxite resources, better traffic conditions and comprehensive infrastructure, which are fundamental requirements for alumina development. Chalco is China’s largest alumina and primary aluminum producer and the world’s second largest alumina producer.

*NEWS SOURCE