Ningxia largest oversea investment has awarded authorized

      Qingtongxia Aluminium Industry Group and India Axiapula Mining and Chemical Co.,Ltd has joint venture to establish Gujjilata Alumina Factory project. This project has been authorized by National Develop and Reform Committee. This project has total 5.04 billion . RMB investment, which 1.51 billion RMB as capital, which owed 50% of each sides. The term of JV is 30 years. They will focus on the exploding bauxite in Gujilate, India. And established an alumina factory with annual 1 million tons output. This project is the largest project in Ningxia and also the largest project China has invested in India. From: An Tai Kei Qingtongxia Aluminium Industry Group Co., Ltd has 430,000 tons primary aluminium production scope at present. Their annual alumina demands will be 900,000tons. The short of alumina resource supply has restricted the developing of Qingtongxia Aluminium Industry Group Co., Ltd. In this project, bauxite retune reserve resource is over 80 million tons, which could fulfill production demands for 30 years

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