Shandong XinfaPlans to Invest 70 billion Yuan to Develop Coal-Power-Aluminum Pro

DOn April 18, Shandong Xinfa Group and Zunyi People’s Government formally signed a framework cooperation agreement for coalpower-aluminum integrated project, planning to invest 70 billion yuan to concentrate on building North Guizhou coal-power-aluminum integrated resource downstream processing base.

According to schedule, Xinfa Group will invest 30 billion yuan to plan and construct bauxite mountain and aluminum hydroxide coal-poweraluminum integrated project respectively in Zheng An County and Daozhen Autonomous County, and fully utilize associated metals gallium and lithium resources. This project is scheduled to kick off construction before June this year, the total construction cycle is 5 years,Phase I project will be completed and launched into production within 20 months.

Assuming that Zunyi City will implement coalrelated resources for Xinfa Group, and verify low power generation cost to ensure relatively strong competitiveness, Xinfa Group will reinvest 40 billion yuan to construct electrolytic aluminum, downstream processing and supporting power plant projects.