Gansu Jiugang's equity acquisition of Rusal Jamaica alumina plant

Gansu Jiugang Group Corporation, the largest iron and steel company in northwest China, acquired the Alpat Alumina Plant in Jamaica, a joint company of Rusal
.
The agreement for the purchase of shares was officially signed a few days ago .
According to reports, RUSAL is the world's largest aluminum producer
.
The Alpat plant invested by RUSAL in Jamaica was founded in 1969 and has a production capacity of 1.
65 million tons/year of alumina, and has a complete set of public and auxiliary facilities such as railways, ports, mines, red mud storage yards, and power plants.
The total amount of resources it possesses can meet the mining needs for 30 years
.
Chen Chunming, Chairman of Jiu Steel Group Corporation, introduced that Jamaica has extremely rich high-grade bauxite resources, with a resource reserve of approximately 2.
5 billion tons, ranking fifth in the world, and more than half of it is close to the surface.
It is easy to mine, and the mine is located close to the port.
, Transportation is convenient
.
Jiuquan Steel Group Corporation is the largest iron and steel enterprise in Northwest China.
Its main business has two major production systems: carbon steel and stainless steel.
It has an annual production capacity of 12 million tons of steel, 1.
2 million tons of stainless steel, and 1.
75 million tons of electrolytic aluminum
.