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Chinalco Yunnan Copper Signs Chile Farm-In Pact With Rio Tinto

MELBOURNE -(Dow Jones)- Chinalco Yunnan Copper Resources Ltd. (CYU.AU) said Thursday it signed an agreement to earn a stake in a copper exploration project in northern Chile with Rio Tinto PLC (RIO). Chinalco Yunnan Copper said its Chilean subsidiary can earn a 40% interest in the venture with an investment of US$8 million, including US$250,000 in the first year, after which Rio will have 90 days to either resume management of the project or grant the company a further three years to invest US$15 million to take its interest to 60%. If Rio maintains its 60% controlling stake, then a joint venture will be formed between the companies, it said. -By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

Stock News for Aluminum China (ACH)
DateTimeHeadline
08/27/201518:44:00ADRs End Higher; Chinese Firms Rise
08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
07/06/201517:47:37ADRs End Lower; Financial Firms Decline
04/05/201515:23:38Copper's Rise Improve Changes for Glencore-Rio Tinto Deal
01/14/201504:28:26Aluminum Powered By Energy Misfortunes -- Barron's Asia
01/14/201504:12:11Aluminum Powered By Energy Misfortunes -- Barron's Asia
01/05/201508:00:00A. H. Belo Acquires Three Digital and Print Marketing Companies...
12/18/201409:05:00Synthesis Energy Systems, TSEC and Dengfeng Power Group Sign...
12/10/201409:00:00Aluminum Corporation of China Awards SES's China JV Partner RMB...
12/10/201400:31:09Houston Firm In JV to Build Coal Gasification Plans In China
11/30/201417:05:32Hong Kong IPOs Become Losing Bets for Investors

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