China's Hanzhou Jinjiang mulls 1-mln T aluminium smelter

* China Jinjiang Group aims to build aluminium smelter

* Eyeing one million tonnes of capacity in Inner Mongolia

* Smelter investment could exceed $1.46 billion

By Polly Yam

HONG KONG, March 9 (Reuters) - China's Hanzhou Jinjiang Group is considering building a one million-tonne-a-year primary aluminium smelter in Inner Mongolia to exploit rich energy resources there, a company official said on Tuesday.

The group aims to build the smelter in Huolinguole city, home of coal producers and aluminium producer HMHJ Aluminium Electricity Co, a unit of China Power Investment Corp.

"Our biggest considerations are: approval, resource (power) supply and funding," the official, in the group's administration department, told Reuters, estimating total investment for the smelter at more than 10 billion yuan ($1.46 billion).

While it weighs the feasibility of building a smelter, the group is concerned about the domestic market, the world's biggest but which may be nearly saturated with aluminium capacity, he added, but gave no timeframe for the investment plan.   Continued...

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