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LONDON, Sept 15 (Reuters) - Chinese metals conglomerate Chinalco is still keen to expand and make overseas acquisitions despite the setback of its failed investment in Rio Tinto (RIO.L) earlier this year, its president said on Tuesday.
“The Rio Tinto setback will not jeopardise our interest in international expansion and overseas acquisitions,” Chinalco President Xiong Weiping said at a conference on China held in London.
It had vowed to seek other investments abroad, focusing on metals at the core of its strategy, such as aluminium and copper, rather than iron ore, a key element of the Rio deal. [ID:nHKG330727]
Reporting by Daisy Ku; Editing by David Cowell