Chinalco to Conduct Feasibility Study to Open Alumina Plant in Australia

Recently, China Aluminum Corporation and the state government of Queensland Australia announced that Chalco is committed to completing its feasibility study for the opening of its alumina refinery project in Bowen this year.

Previously, Chinalco had proposed to the Queensland government to abandon the construction of the Bowen refinery and instead processed the ore produced from its planned Aurukun bauxite at Rio Tinto's Yarwun refinery.

Chinalco's parent company, Aluminum Corporation of China, has previously confirmed that it will buy up to 50% of Yarwn as part of its $19.5 billion alliance with Rio Tinto and will also have the option to invest in Yarwun’s expansion project under construction. . However, Rio Tinto’s breach of contract means that China Aluminum has no longer a stake in Yarwun. Chinalco also announced the suspension of the financing plan for the expansion of Yarwun Aluminum Plant.

The State Department of Infrastructure and Planning in Queensland said that the state government currently expects that China Aluminum will continue to conduct its Bowen refinery feasibility study plan, and that Alcoa has confirmed that it will give priority to the Aurukun bauxite project and Bowen later this year. After the feasibility study of the refinery, the company can inform the state government of its findings.

The Chinalco spokesman said that China Aluminum is stepping up its feasibility study on the above projects, but declined to comment on China Aluminum's previous proposal to the Queensland government to abandon the Bowen Refinery, which is trying to honor its The commitment made to the Queensland Government is working hard to complete a feasibility study on the Au Rukun bauxite mine development project. This feasibility study is very thorough and is proceeding on schedule, and no investment will be made until the end of the study. Decision.