Jinzhou Port visits Asian Metal

On April 26, Jinzhou Port Co., Ltd, visited Asian Metal. Mr. Eric Zhang, Marketing Director and Ms Mary Wang, Marketing & External Affairs Supervisor from the Port talked about the bauxite market with Mr. Friday Gao, senior analyst from Asian Metal.

According to Mr. Zhang, Miaoyi Group is the biggest shareholder of the Port, and they plan to build one alumina refinery close to Jinzhou port. “The designed capacity will be 4 million tonners per year,” said the source, adding that there will be 4 lines, with 1 million tonnes for each.

Covering around 3,200 mu areas, the project is close to Jinzhou port and may cost 8 billion yuan. It is scheduled to be finished in the second half of 2019.

The project will consume imported bauxite, including both monohydrate and tri-hydrate bauxite. “One production line will be designed as high-temperature technology,” said the source, adding that they have a plan to cooperate in bauxite investment with big miners in Guinea and Australia. They will meet a few of owners in the coming bauxite summit on May 18-20 in Sanya of China.

Besides of aluminum smelters in Liaoning, they will focus on consumers in Inner Mongolia. The railway of Jinzhou-Chifeng-Baicheng will be completed in 2017, so they can deliver alumina at lower cost to Inner Mongolia.