(Captivevue January 6 ）– Aluminum Corporation of China （CHALCO） （2600.HK） signed an agreement with the Guizhou government to invest a total of 34.5 billion yuan to build a Guiyang-based coal-power-aluminum recyclable industrial base, reports China Securities Journal, citing a press release.
The company will also participate in the extraction and exploration of alumyte and coal in Guiyang, while the local government will support necessary electricity station and supplementary construction of coal mines.
The company capitalized on in-depth structural adjustment to turn overall profitable in 2010.
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