BIZCHINA / Center |
Chinalco signs west China mining exploration deal(Agencies)
Updated: 2007-11-30 15:01 Aluminum Corp of China, or Chinalco, will invest 500 million yuan (US$67.6 million) in a five-year metal mining exploration project in China's western province of Qinghai, the company said.
Soaring global mineral prices have spurred Chinese metal smelters to expand into the mining sector to secure raw material supplies and boost earnings. Chinalco, parent of listed Aluminum Corp of China Ltd, is trying to diversify from a pure aluminium firm into an international multimetals mining company, officials have said. |
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