On November 7th when the APEC Summit Meeting was being held in Beijing, and witnessed by Chinese President Xi Jinping and Tajikistan President Emomali Rakhmon, the loan agreement was formally signed for the Project contracted by CHMC. The Project is a renovated one and owned by Tajikistan Aluminum Company (TALCO), and CHMC shall take the sub-projects’ construction of the cryolite plant, the aluminumfluoride plant, and the sulphuricacidplant. The agreement signature marks a new start for the Project.
TALCOis the biggest state-owned enterprise in Tajikistan with the designed capacity of 500,000t electrolyticaluminium per year, and contributes 45% to the state GDP, and 90% to the foreign exchange earnings, it is one of the biggest taxpayer, and plays a pivotal role in the national economy. Since CHMC entered the ?xml:namespace>
Last year, Chinese government put forward the strategic vision to build the Silk Road Economic Belt, which provides a chance for the Project financing. On July 24th, 2014, CHMC re-signed a packaged EPC contract, including the design, equipment supply, erection and commissioning for one 12000t Cryolite plant, one 18000t AluminumFluoride plant, and one newly established 100,000t Sulfuric Acid plant. In September 2014, at the summit of the Shanghai Cooperation Organization (SCO) held in Dushanbe, CHMC cooperated with the Owner and the Tajikistan Finance Ministry, seized the opportunity, and timely submitted the loan application to Chinese government. Then through a mass of arduous and careful work, the Project passed the strict and professional site inspection, documents review, and the project feasibility evaluation of the Export-Import Bank of
After the Project completion, the Cryolite and AluminumFluoride,as the raw materials required by TALCO production, can meet the full self-sufficiency, which not only creates benefits for TALCO, but offers plentiful jobs, favors people there. At the current stage, the preparation work to launch the Project is undergoing in a tense, and CHMC shall make a scientific and reasonable construction proposal as per our schedule and the requirements of the Exim Bank of China, and ensure the goal achievement.