Analysts believe that the project is interested in Chinalco and Chongqing Bosai Mining, the two companies will compete on the project. In fact, after the successful acquisition of the African aluminum mine by Bosai Mining, Chinalco's unique situation in the alumina production industry in Chongqing has begun to change.
Chongqing Dingtai Tuoyuan Alumina Development Co., Ltd. was established in July 2002 and put into operation on February 14, 2006. The registered capital is 255 million yuan. It is mainly engaged in bauxite mining, alumina production and sales, and is the government of Chongqing Municipality. One of the projects of aluminum “one big two small†planning layout.
The production of Dingtai Tuoyuan Alumina Company adopts Bayer process, with more than 20 experts in alumina, more than 90 professionals with intermediate titles and more than 400 skilled workers. The company's metallurgical grade sand-like alumina design capacity is 300,000 tons/year, which is implemented in two phases. The first phase of construction has been completed and officially put into operation.
Chongqing Yanneng Mining Group is the largest shareholder of Dingtai Tuoyuan Aluminum, with a shareholding ratio of 65%; China Power Investment Corporation holds the remaining 35%. As Chongqing Hanneng Mining Group is a wholly-owned enterprise of China Power Investment Group, China Power Investment Corporation is the actual controller of Dingtai Tuoyuan Aluminum.
It is understood that Chongqing Nanchuan has hundreds of millions of tons of high-grade bauxite reserves, and Henan and Guangxi provinces are also called China's seven major aluminum resource bases. Dingtai Tuoyuan Aluminum Industry Co., Ltd. and Chinalco and Bosai are on the same belt, which attracted the attention of these two companies a few years ago. Chinalco had intended to acquire Dingtai Tuoyuan Alumina Co., but was rejected. Bosai Mining Group also included the acquisition of the company in the expansion plan.
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