Guangxi Beihai to Commence Aluminum Base Project

Guangxi plans to invest RMB 40 billion in building a series of industrial integration projects, including Beihai Aluminum Base. Currently, preparatory work for the project with an investment value of RMB 10 billion is underway, and is expected to kick off at the end of 2010.

It is reported that the city of Beihai and Guangxi Investment Group signed a strategic cooperation framework agreement in July 2008, according to which they will jointly build an aluminum base and an education and training base, drawing upon their respective strengths, and enter into a long-term partnerships in energy categories including electric power. The project will last 3-5 years and will have three phases, and a total investment of RMB 40 billion.

Preparatory construction projects for the Beihai Industrial Integration Project include the Beihai Coal Storage and Distribution Center (Phase I)with a total investment of RMB 3.1 billion, the Beihai CHP project (Phase I) with a total investment of RMB 5.2 billion, and the Carbon Anode Project with a total investment of RMB 1.2 billion and an annual output of 300,000 tons. Work on the overall construction plan of the project, the feasibility research reports for overall geological exploration, coal storage and transportation center and supporting dock facilities, the construction statement of the carbon anode project (with an annual output of 300,000 tons), the CHP project feasibility research report, and the industrial park centralized heat supply plan is currently being completed to schedule.