China ready to invest in Iran's aluminum projects

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China ready to invest in Iran's aluminum projects

Time:2017-03-07 Click:737

Aluminum Corporation of China (Chinalco) has expressed readiness to make joint investment with Iran on alumina powder production project.

Zhang Chengzhong , the company's deputy head, announced this in a meeting with Managing Director of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mahdi Karbasian in Tehran on Tuesday, reported.

Top officials from Aluminum Corporation of China Limited (Chalco) and China Aluminum International Engineering (Chalieco), as two subsidiaries of Chinalco, also attended the meeting.

Chengzhong referred to infrastructures for alumina production plant in Hormuzgan Province and said the project can increase its annual production capacity from 300,000 tons to 800,000 tons with the launching of the development plan.

He said Chinalco is keen on making joint investment with IMIDRO as well as finance such projects.

Chengzhong expressed that his company readiness to provide the required technology for establishing an 800,000-ton alumina powder production plant adding that proposal to this effect will be submitted to IMIDRO within the coming month.

Chinalco is the world's second-largest alumina producer and third-largest primary aluminum producer (and the largest producer in China).

Chinalco is principally engaged in the extraction of aluminum oxide, electrolyzation of virgin aluminum and the processing and production of aluminum as well as traded trading and engineering and technical services.

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