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Bosai's Managing Director attend a meeting held by Chongqing

Author: adminData:2016-09-18Click rate:

On Dec 19, 2010, Mr. YUAN Zhilun, the Chairman and Managing Director of Bosai Minerals Group joined some 100 other business leaders from public, private and state-owned enterprises at a meeting held by the Chongqing Municipality Government.T...

On Dec 19, 2010, Mr. YUAN Zhilun, the Chairman and Managing Director of Bosai Minerals Group joined some 100 other business leaders from public, private and state-owned enterprises at a meeting held by the Chongqing Municipality Government.  This meeting addressed the economic development issues of Chongqing. During the meeting, Mr. BO Xilai, the Municipal Party Secretary, gave special recognition about the success that the Bosai Minerals Group has achieved in responding to the national policy of “Going Out” and encouraged the Group to advance further.
Mr YUAN told the business group that within four years of hard work, Bosai Minerals (Guyana) has not only broken-even but also reached a profit with millions of dollars annually. Both the business and project have received high recognition and support from the leaders of the Guyana government. In 2009, Bosai Minerals Group acquired 80% share of Rio Tinto Alcan for its Ghana Bauxite Company. The post-acquisition exploration estimated 200 million tons of premium bauxite suitable for alumina refinery and the Group has signed an agreement with the Ghana Government to invest US dollar 1.2 billion in an Alumina Refinery Plant with an annual capacity of 2 million tons.
In addition, the Bosai Minerals Group is planning to conduct other large-scale projects of Alumina refineries in northern Europe depending on the strategic resources. It’s estimated that the Group’s overseas investment in the next five years will reach RMB three billion, taking up around 10% of that set in the Twelfth Five-year Plan” of Chongqing Municipality. The Group will continually contribute to the implementation of “Going Out” policy.

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