Completed Mixed AidData Chinese Aid

NFC provides EUR 46 million interest-free supplier credit for Jajarm Alumina Refinery Project

€46M EUR

Funder	China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC)
Recipient Organization	Iranian Mines & Mining Industries Development & Renovation (IMIDRO)
Country	Iran
Start Date	Jan 01, 2016
End Date	Oct 07, 2028
Duration	4,663 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67085`

Grant Description

NFC provides EUR 46 million interest-free supplier credit for Jajarm Alumina Refinery Project In 2016, China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) reportedly issued a two year interest-free term supplier credit (loan) worth EUR 46 million to Iranian Mines and Mining Industries Development and Renovation Organization for the Jajarm Alumina Refinery Project.

The proceeds of the loan were used by the borrower to purchase equipment from NFC to support the construction of an aluminum refinery at the edge of the desert in the city of Jarjam within North Khorasan province in northeast Iran.

This facility, which has the capacity to produce a capacity of 300,00 tons of aluminum per year, became operational on or around July 15, 2019.

In June 2020, a Reuters report found that the aluminum complex in Jajarm was producing aluminum powder for Iran’s ballistic missile program (based on the account of a former official who worked at the plant).

📋 Staff Comments

The Chinese project title is 伊朗JAJARM电解铝厂项目 or 佳加姆氧化铝厂 or 伊朗佳加姆氧化铝厂改造项目. The Persian project title is کارخانه آلومینیوم or کارخانه آلومنیوم جاجرم or کارخانه آلومینیوم جاجرم. The bauxite supplied to this aluminum plant primarily comes from Iran’s North Khorasan province where the refinery is located. North Khorasan province holds the country’s largest mineral deposits of bauxite.

📚 Sources & References

Germany
China opens up credit line for two plans of IMIDRO
SPECIAL REPORT-Inside Iran’s secret project to produce aluminium powder for missiles
中色股份承建的伊朗JAJARM电解铝厂项目
中色股份承建的伊朗JAJARM氧化铝厂改造项目, 2003 Jajarm Alumina Refinery Upgrading project in Iran was put into production._NFC
IDRO Group says Iran's aluminium capacity on rise after commissioning of Jajarm Aluminum Complex; Aluminium Extrusion
Profiles
Price
Scrap
Recycling
Section
Law Firm Archives - Page 4 of 4 - SHAFEE & ASSOCIATES
Tehran Times
DECEMBER 29, 2016
Trade Data Reveals Iran’s Aluminum Supply-Chain from China
India
Guinea _ Sayari, توافق آلومینای جاجرم و ان اف سی چین
Special Report_ Inside Iran’s secret project to produce aluminium powder for missiles _ Reuters, $3.5 billion invested in Iran's mine and industrial projects
China Financing $5B in Iran Mine and Mining Industries Sector
Iran set for landmark jump of 70% in aluminum output
China financing $5B of projects' cost in Iran’s mining sector 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.