Chalco prepares for $300m loan

　　Aluminum Corp of China Ltd hired Australia & New Zealand Banking Group Ltd and Natixis to help it borrow $300 million in a three-year term loan, according to a person familiar with the matter on Thursday.

 

　　Proceeds will be used by Chalco, as the company is known, to refinance debt and the two banks plan to start marketing the facility to other lenders as early as next week, the person said, asking not to be identified as details are private.