A $4.125 million payment today by China's largest independent alumina-aluminium producer - Chiping Xinfa Huayu Alumina Co Ltd - has completed the total payment of $4.625M to Metallica Minerals Limited to acquire a 10% stake in Queensland bauxite company, Cape Alumina Pty Ltd.
As advised on 7 February 2007, Metallica Minerals will remain the largest shareholder in Cape Alumina with a 40% holding.
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