CONAKRY Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.
CONAKRY Guinea will not accept any major changes to the terms of the Simandou iron ore project that Chinalco bought from Rio Tinto, including building a 650-km railway rather than taking a shorter route via its neighbors, the mines minister said on Wednesday.
SINGAPORE, March 23 Aluminum Corporation of
China Ltd's (Chalco) net profit
more than doubled in 2016, marking a second straight year of
profitability thanks to recovering non-ferrous metal prices and
cuts in production costs.