Chalco Says Discussions on Australia Project Terminated

Market News

Reuters Africa reports that Aluminum Corp of China (NYSE:ACH) said its discussions over possible development of bauxite resources in Australia had ended .

Reuters Africa reports that Aluminum Corp of China (NYSE:ACH) said its discussions over possible development of bauxite resources in Australia had ended .

The market news is quoted as saying,

Also known as Chalco, the top alumina and aluminium maker of China said it spent about 340 million yuan ($52.6 million) on the project, adding it would evaluate the amount recoverable and make corresponding provisions for impairment.

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