Aluminum Corporation Of China To Set Up Coal Co.

November 10 -- Aluminum Corporation of China （601600, 2600.HK） will invest 537 million yuan to establish Shanxi Xiuxin Gugou Coal （Group）, according to the Ministry of Land and Resources.

The 537 million yuan investment will be used to merge the assets of five coal companies into Shanxi Xiuxin Gugou Coal.

The newly established coal group will have coking coal reserves of 300 million tons which can be exploited over a period of 75 years.