ARICOM, CHINALCO TO INVEST 300 million dollars IN TITANIUM SPONGE PROJECT

摘要

Aricom plc, an Anglo-Russian mineral resources developer, and Aluminum Corp. of China (Chinalco) will invest 300 million dollars over three years in the construction of a plant to produce titanium sponge in Northern China, which will source feedstock exclusively at Aricom's Kuranakh iknenite mine in Russia. Aricom said in a statement that the two companies had completed a feasibility study for the 15,000tpa titanium sponge plant in Jiamusi City, Heilongjiang Province, located approximately 1,300 km from the Kuranakh mine in Russia's Amur region. The plant will sell titanium sponge via Chinalco.