Nalco Extension Project is Expected to completed by the end of 2008

Chairman and general manager of Nalco said in an interview: “world alumina price has go down yet not so bad like expected before and it is going stable and may stay on this in next year. In this fiscal year, the average of Nalco is 270-275$/ton.” “To the middle term, alumina price will stay on 350-400$/ton. Alumina price soften has affected Nalco’s export. In addition, the steady of rupees has also place bad influence to export.” “Ordinarily, we will sell 70% alumina through long-term agreement and 30% through spot sell. However, learn from the situation of alumina market, we will make some adjustment.” Nalco has launched a 51 billion rupees’ extension item now. When this project put into production, its bauxite exploration will increase to 6.3 million ton, alumina production capacity will increase to 2.1 million ton, aluminum increase to 1200 megw. all the items will carry on step by step.