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Chinalco Agrees to Set Up Venture in Laos, Shanghai Daily Says

iconApr 8, 2011 09:33
Source:SMM

(Bloomberg)--Chinalco signed an agreement with a Laotian government company on March 30 to jointly develop mineral resources in Laos’s south, Shanghai Daily said, citing a statement from the Chinese company.

The metals producer’s Hong Kong unit will buy a stake in the Laotian company, the English-language newspaper said today. Talks on completing details of the investment are underway, the newspaper said, citing an unidentified Chinalco spokesman.

Chinalco, or Aluminum Corp. of China, is the state-owned parent of Hong Kong-listed Aluminum Corp. of China Ltd., or Chalco.
 

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