NFC to set alumina plant in Laos

According to a post released by the China nonferrous metal industry's foreign engineering and construction Co.,ltd on Laos' investment progress, the bauxite reserves and grade in Pake Song Area, Champassak Province of Laos had met the requirements, and the company would set up a alumina plant there with the total investment of 500million dollars. It is expected the new plant will equipped with an initial capacity of 600,000 tons / year, and will expanded to 1.8 million tons / year. Nov 6, SARCO Inc. signed the agreement with LSI Corporation to develop the licensed 66 square kilometers ¡®bauxite mine.

51% shares of SARCO Inc. is hold by Kaifeng Resources, which is a whole owned subsidiary of China nonferrous metal industry's foreign engineering and construction Co.,ltd.

Later, SARCO Inc. and LSI Corporation will set up a joint-venture company, in which, the LSI Corporation will hold 49% of the shares and SARCO Inc. will hold the other 51%.

If the technical and economic conditions allowed, the new plant will equipped with an initial capacity of 600,000 tons / year, and will expanded to 1.8 million tons / year with the investment of 500million dollars. The financing channels will be responsible by SARCO Inc.

About the company

Since the establishment of China Non-ferrous Metal Industry¡¯s Foreign Engineering and Construction Co., Ltd. (NFC, code in Shenzhen Stock Exchange: 000758) in 1983 approved by the State Council, NFC has committed itself to project contracting and non-ferrous metal resources exploitation in global market. NFC was listed on Shenzhen Stock Exchange on April 16, 1997 after assets restructuring.

As a large international environmental friendly enterprise with scientific management system, high qualified engineers and representative offices worldwide, NFC¡¯s business scope covers the whole process of non-ferrous metal project execution ranging from engineering, consulting, equipment supply and installation, technical service, commissioning to personnel training. Holding resources integration capability and overall strength, including market development, design, investment and financing, resources exploration, project management and equipment supply network based on competitive price of complete equipment and talents in this field and as well as support from the government. During the whole process of non-ferrous metal resources development, NFC always takes environmental protection as its priority and adheres this principle in each process of production for the best use of natural resources, promoting social and economic development, as well as creating harmony between human and nature.

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