Rusal has sold 100% stake in its Alpart bauxite-alumina complex in Jamaica to the Chinese Jiuquan Iron & Steel (Group) Co. Ltd. (JISCO), for $299 million.
Alpart sale will not affect Rusal’s self-sufficiency in alumina.
Alpart (Alumina Partners of Jamaica) is a large alumina producer, using bauxites extracted from its own mines. Before it was stopped in 2009-2015 it produced some 1.65 million tons of alumina and 4.9 million tons of bauxites per year. The complex joined Rusal in 2007. Before 2011 Rusal owned 65% of Alpart sales. (Ukrainian metal)