Alcoa explores Chinese opportunities
- Publishing Date
- 19 Jan 2011 10:49am GMT
- Author
- Mining Journal
Alcoa Inc has signed an agreement with China Power Investment Corp (CPI) to work on a range of aluminium and energy projects potentially worth US$7.5 billion.
In China, the companies will develop clean energy products such as “state-of-the-art” aluminium smelting, and wind and solar operations, Alcoa said. Both parties will also work toward developing high-end aluminium parks.
Internationally, the companies intend to explore opportunities in a number of geographies, with projects possibly ranging from mining, refining and smelting to collaboration on energy projects.
Alcoa chief executive Klaus Kleinfeld said: “This is an historic opportunity at a pivotal moment in US-China relations. Two iconic brands will be working together around the world in a long-term relationship, sharing best practices and experiences in promising emerging econimies.”
In China, the companies will develop clean energy products such as “state-of-the-art” aluminium smelting, and wind and solar operations, Alcoa said. Both parties will also work toward developing high-end aluminium parks.
Internationally, the companies intend to explore opportunities in a number of geographies, with projects possibly ranging from mining, refining and smelting to collaboration on energy projects.
Alcoa chief executive Klaus Kleinfeld said: “This is an historic opportunity at a pivotal moment in US-China relations. Two iconic brands will be working together around the world in a long-term relationship, sharing best practices and experiences in promising emerging econimies.”
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