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Search resuls for: "Aluminum Corporation of China"


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The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located. CIOH is 75% held by Aluminum Corporation of China (Chinalco) and 20% by Baowu Steel Group, with China Railway Construction Corporation (CRCC) and China Harbour Engineering Company (CHEC) each holding 2.5%. Simandou's other two blocks are owned by the Winning Consortium Simandou (WCS), made up of Singapore-based Winning International Group, Weiqiao Aluminium - part of the China Hongqiao Group (1378.HK) - and United Mining Suppliers. Rio earmarked $800 million for its share of the development in 2023 and around $2 billion a year in 2024 and 2025. Reporting by Clara Denina; Additional reporting by Felix Njini and Amy Lv; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, CIOH, CHEC, Simandou, Raphael Gnambalamou, Clara Denina, Felix Njini, Amy Lv, Jan Harvey Organizations: Rio Tinto, Developers Association of Canada, REUTERS, Ore Holdings, CIOH, Aluminum Corporation of China, Baowu Steel, China Railway Construction Corporation, China Harbour Engineering Company, Weiqiao, China Hongqiao, HK, United Mining Suppliers, Thomson Locations: Rio, Toronto , Ontario, Canada, Simandou, Guinea, China, Singapore
Factbox: China's major germanium and gallium producers
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +3 min
China produces around 60% of the world's germanium, or 180 metric tons in 2022, and over 90% of the world's gallium, about 606 tons last year, according to research firm Antaike. YUNNAN GERMANIUM, AN ESTABLISHED PRODUCERHeadquartered in southwest China's Yunnan province, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd. (002428.SZ) extracts germanium from its own germanium mines and germanium-containing lignite coal mines. It has an annual capacity of 47.6 metric tons of germanium ingot, 60 tons of germanium tetrahydride - used to build 5G infrastructure - and 300,000 germanium wafers for solar cells. CHINALCO, A MAJOR GALLIUM PRODUCERState aluminium giant Chinalco has three gallium production plants, one each in central China's Henan and southwestern Guangxi and Guizhou provinces. It has annual production capacity of 200 metric tons of gallium metal and produced 146 metric tons in 2022.
Persons: Duan Xiangdong, Hope, Zhuzhou, Dominique Patton, David Evans Organizations: . Ltd, Aluminum Corporation of China, Zhuhai Fangyuan, Xing'an, Gallium, AXT Inc, Beijing, Thomson Locations: BEIJING, China, YUNNAN, China's Yunnan, Yunnan, China's Henan, Guangxi, Guizhou, Shanghai, Zhuzhou, China's Hunan, Zhuhai, Guangdong, Shanxi, Nanjing, U.S, Beijing
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