Chalco to mine coal in Qingyang city and studying aluminum

Reuters reported that Aluminum Corporation of China Limited has agreed to develop a coal mine in Qingyang city in the northwestern Chinese province of Gansu as part of a broader project to build a power plant and aluminum smelter.

A city government official said that Chalco signed an agreement with Tangshan Jia Hua Group to jointly develop the Luochuan coal mine, expected to produce ramp up from an initial 1 million tonnes a year when completed in 2015 to 10 million tonnes annually a long term output estimate bigger than the 5 million tonnes Chalco planned.

An official at the secretariat of the Qingyang government said that Chalco is not expected to finalize details of the aluminium smelter until 2015 when the coal mine and a power plant are due to be finished.

The city official said that they are doing preparation work for the aluminum smelter. The aluminum study was based on a designed capacity of 500,000 tonnes a year of metal.

He said that Chalco was expected to be the sole investor for the power plant and the aluminium smelter. Chalco plans to raise its aluminium production by nearly 5% to 4.03 million tonnes this year. Its alumina production would rise over 18% to 11.96 million tonnes in 2011.

(Sourced from Reuters)

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