China Power Investment Corp. (CPI) signed an agreement about aluminum industry development with the Guinean government on September 6, which has great importance on the development of China's aluminum industry.
CPI plans to invest $6 billion in phase one, including building an alumina plant with 4 million annual output, a above 250 megawatt's power plant, a 13 million-tpy bauxite plant, an deepwater port with capacity of 8 million tons. And the to-be-built mine's annual output will be 12 million tons, and will go on stream in 2014. After the first alumina production line go into operation in 2020, the annual output of alumina will reach 8 million tons.
Then, the aluminum project will become the biggest and most environment-friendly alumina enterprise in the world.
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