Bosai Group entered into an agreement with the local government of Gaizhou city on Feb. 2 to invest 6 billion yuan (≈$952 million) to build an alumina refinery with an annual capacity of 2.5 million tons in the city. The project will use Bosai Group’s overseas bauxite resources and is scheduled to be operational in the second half of 2019.
Gaizhou is a county in Yingkou city, Liaoning Province, where Zhongwang Group has installed two potlines with a total capacity of 890,000 tons per annum. Apart from using the city’s convenient logistics and transportation system, the more important reason behind the deal may be to win over this big client. Notably, this is the third large alumina refinery project introduced into Liaoning Province, following the Jinzhou Port alumina refinery project with a planned capacity of 10 million tons per annum and the Dandong alumina refinery project with an annual capacity of 5 million tons.
Headquartered in Chongqing, Bosai Group is a privately-owned international mining enterprise with an annual output of 3.5 million tons of bauxite, 1 million tons of alumina, 330,000 tons of aluminum, and 150,000 tons of various aluminum products. It also owns more than 300 million tons of high-grade bauxite reserves in Ghana and Guyana.