Chalco plans to invest CNY 2.3 billion in Chongqing

China's top aluminum producer Chalco will invest CNY 2.3 billion in its Chongqing alumina project with a designed annual capacity of 800,000 tonnes.

The company earlier announced that it plans to raise no more than CNY 10 billion via private placement to finance its alumina projects including the aforesaid project in southwest China and replenish its working capital.

The Chongqing project involves total investments of about CNY 4.75 billion and a construction period of 3 years consisting of an 800,000 tonnes alumina plant, a 1.55 million tonnes refined ore plant, a 1.65 million tonnes mine and a thermal power plant.

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