Suriname bauxite project attracts Chinalco; Chinese miner agrees to pump in $426 million
Aluminium Corporation of China Limited, popularly known as Chinalco, a state-owned multinational company, is likely to invest around $426 million in bauxite mining in Suriname, said the chairman of a Surinamese presidential mining commission on Monday, November 25.
If this investment is approved by parliament, Chinalco will begin bauxite mining by the middle of 2025 to produce 6 million tonnes of the key ore of aluminium annually, reported government advisor Daniel Lachman.
The Surinamese presidential mining commission also said that Suriname, the South American country, is likely to have a 13 per cent share in the project.
Events
e-Magazines
Reports
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Your reliable partner in aluminum casthouse equipment and products
Fioscope provide air-cooled camera technology for high temperature applications
Business Leads
