Sichuan Qimingxing Aluminum Co., Ltd and Indian Ashapura Minechem had recently won a bid to build a green-field alumina refinery in Kutch region of India, sources close to the situation said. With a total investment of USD275 million, the alumina refinery is jointly owned by Ashapura Minechem(39 percent-45 percent), the local government(5 percent-11 percent) and Sichuan Qimingxing(the remaining shares).
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