UC Rusal in China partnership
UC Rusal has set up a partnership with Xinshan Aluminum Industry Demonstration Park, China.
The two will cooperate in joint projects on bauxite mining and production of aluminium and alumina.
The signed MoU confirms the parties will cooperate in exporting Rusal’s aluminium technologies to China, Rusal will engage in engineering at aluminium plant construction projects in within Xinshan Aluminum Industry Demonstration Park and the two will work together on geological studies for the mining of bauxite. Xinshan Aluminum Industry may require up to 2Mt/y of bauxite.
“It is expected that the 2011 aluminum consumption will grow by 12% to reach 18.5Mt, which will require both increased imports and domestic production.
Ruasl is ready to become a reliable partner for China, both in terms of necessary raw materials supply, and building of new production facilities,” said Vladislav Soloviev, First Deputy CEO of Rusal.