Mon | Dec 11, 2017

JISCO to make first shipment from Alpart next Thursday

Published:Thursday | November 16, 2017 | 10:41 AM

China's state-owned Jiuquan Iron & Steel (Group) Co Ltd (JISCO) says it will ship its first cargo of alumina to China from its Alpart refinery in St Elizabeth, Jamaica, next week Thursday.

The company has also revealed plans to build a second alumina plant at its Nain, St Elizabeth, location.

A report by Reuters news agency last night, said the announcements were made by the company’s Chairman, Chen Chunming, while addressing participants at the China Aluminium Week conference in Fuzhou, China, where it was already Thursday morning.

Jisco acquired the Alpart plant from Russian aluminium giant Rusal last year for $299 million.

It has a capacity of around 1.6 million tonnes but had been shut down in 2009 and required work to resume operations.

Reuters also says, speaking on the sidelines of the conference, Chen said the Chinese firm is planning to build a second alumina plant at the site with a capacity of two million tonnes per year.

JISCO is reportedly targeting bringing that second refinery on line in the second half of 2018.

The company has also signed a memorandum of understanding to build a liquefied natural gas (LNG) import terminal to meet Alpart's power needs.

Reuters says Chen has not named partners in the project, disclosed financial terms, nor said how much LNG would be required.

The terminal is expected to be up and running by 2020.