CHALCO to Invest $9.25 Bln in Shanxi before 2020

SHAGNHAI, Jun. 19 (SMM) – Aluminum Corporation of China will invest 57 billion yuan ($9.25 billion) in Shanxi before 2020 to build an advanced aluminum recycling industry base, the company said on its website. 

In accordance with its cooperation framework agreement with the provincial government of Shanxi, the company will develop a 2 million tpy-aluminum capacity via capacity replacement, build a 10 million tpy-coal mine and coal washing plant, a 3.5 million kw low-calorific value coal-fired power plant, and a 1 million-tpy high-end aluminum fabrication project.