China Eximbank provides $53.1 million preferential buyer’s credit for Tajik Aluminum Company to launch three new plants (Linked to Record ID#71391)

📋 Staff Comments

1. The Chinese name of the project is 塔铝项目. The Russian name of the project is Строительство заводов по производству криолита, фтористого алюминия и серной кислоты в рамках реконструкции и модернизации ТАЛКО.
2. Aluminum fluoride is an inorganic compound used primarily in the production of aluminum. This colorless solid can be prepared synthetically, but also occurs naturally. Aluminum fluoride is an important additive for the production of aluminum by electrolysis. Together, with cryolite, it lowers the melting point to below 1000°C and increases the conductivity of the solution. Cryolite was historically used as an ore of aluminum, and later in the electrolytic processing of the aluminum-rich oxide ore bauxite. The difficulty of separating aluminum from oxygen in the oxide ores was overcome by the use of cryolite as a flux to dissolve the oxide minerals. Pure cryolite melts at 1012°C, and it can dissolve the aluminum oxides sufficiently to allow for the easy extraction of the aluminum by electrolysis. Substantial energy is still needed for both heating the materials and the electrolysis, but it is much more energy-efficient than melting the oxides themselves. Since natural cryolite is too rare to be used for this purpose, synthetic sodium aluminum fluoride is produced from the common mineral fluorite. Sulfuric acid has a wide range of applications, including domestic acidic drain cleaner, electrolyte in lead-acid batteries, and various cleaning agents. It is also a central substance in the chemical industry. Principal uses include mineral processing, fertilizer manufacturing, oil refining, wastewater processing, and chemical synthesis. It is widely produced with different methods, such as contact process, wet sulfuric acid process and some other methods (see 'http://www.sulphuric-acid.com/sulphuric-acid-on-the-web/acid%20plants/TALCO.htm').
3. The Tajik Aluminum Company is one of the ten largest aluminum smelters in the world. It provides up to 70% of Tajikistan's foreign currency earnings while consuming 40% of its electrical power. TALCO is wholly owned by the Government of Tajikistan. Tajikistan does not mine alumina, but imports the raw material through tolling arrangements.

📚 Sources & References

• Three plants of TALCO expected to be introduced into operation in Yovon next month
• Launching of plant for manufacturing of cryolite, aluminum fluoride and sulfate acid
• China to start implementation of $1.5 billion worth projects in Tajikistan next year
• China to provide $88-mln loan to build three plants in Tajikistan
• 驻塔吉克斯坦大使岳斌会见中国重型机械有限公司副总经理
• Three plants of TALCO expected to be introduced into operation in Yovon next month Read more: https://www.asiaplus.tj/en/news/three-plants-talco-expected-be-introduced-operation-yovon-next-month
• List of Chinese Government-Financed Projects in Tajikistan from the Ministry of Finance via the IMF May 2018, Реализация стратегии ГУП «Таджикская алюминиевая компания» (ТАЛКО) по созданию базовых условий самообеспечения, Отчет о состоянии государственного долга на 2014 год
• Today
• Tajikistan President Mr. Emomali Rahmon Cut the Ribbon for the Fluoride Salt Project in Ceremony, Татбиќи стратегияи КВД «Ширкати алюминийи тољик» (ТАЛКО) дар бобати фароњам овардани шароити мусоиди худтаъминї, Эксимбанк Китая выделит ТАЛКО около $88 млн. на строительство двух новых предприятий Подробнее, РАМОЧНОЕ СОГЛАШЕНИЕ между Правительством Китайской Народной Республики и Правительством Республики Таджикистан о предоставлении Китайской Народной Республикой Республике Таджикистан льготного кредита
• TALCO
• Tajikistan President Mr. Emomali Rahmon Cut the Ribbon for the Fluoride Salt Project in Ceremony, ИСТЕЊСОЛОТИ АЛЮМИНИЙ ВА РУШДИ ОН БАРОИ ТОЉИКИСТОН СОЊАИ КАЛИДЇ ВА ЊАДАФИ СТРАТЕГИСТ
• Following Up
• 塔铝硫酸工厂带料生产成功
• 中国进出口银行对中国重机塔铝项目进行贷后检查
• 国机重装塔铝项目受到中国进出口银行肯定, В Таджикистане подготовлен законопроект Закона «О научной деятельности», Посол Таджикистана в Китае: Таджикистан и Китай вступили в 2015 год как проверенные временем стратегические партнеры, Реализация стратегии ГУП «Таджикская алюминиевая компания» (ТАЛКО) по созданию базовых условий самообеспечения
• Sinomach Today, ТАЛКО опровергает обвинения Минфина о сокрытии доходов
• 中国进出口银行将向塔铝提供8800万美元用于塔铝重建
• 驻塔吉克斯坦大使岳斌会见中国重型机械有限公司董事长
• 塔铝项目贷款协议正式签订
• Export-Import Bank of China Made a Post-loan Inspection to CHMC Tajikistan Aluminum Company (TALCO) Project Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.