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    aluminum-investing

    Chalco Says Discussions on Australia Project Terminated

    Investing News Network
    Jul. 04, 2011 09:44AM PST
    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.

    For the complete market news, click here.

    australiaaluminum-investingchinaalumina-limited
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