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China's Jisco set to ship first Jamaican alumina cargo

Thursday, Nov 16, 2017

  China's state-owned Jiuquan Iron & Steel Group (Jisco) will this month ship the first cargo of alumina from its Alpart refinery in Jamaica to China, the company's chairman said on Thursday, outlining plans to build a second alumina plant at the site.

The cargo will depart Jamaica on Nov. 23, said Jisco chairman Chen Chunming, addressing participants at the China Aluminium Week conference in Fuzhou.

Jisco acquired the Alpart plant from Russian aluminium giant Rusal last year for $299 million. It has a capacity of around 1.6 million tonnes but had been shut down in 2009 and required work to resume operations.

The Chinese firm is planning to build a second alumina plant at the site with a capacity of 2 million tonnes per year, targeting bringing it on line in the second half of 2018, Chen later told Reuters, speaking on the sidelines of the conference.

The company has also signed a memorandum of understanding to build a liquefied natural gas (LNG) import terminal to meet Alpart's power needs, Chen said. He didn't name partners in the project, disclose financial terms, nor say how much LNG would be required.

The terminal is expected to be up and running by 2020, Chen said.

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