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IFC To Invest $150 Million In Rio Tinto's Simandou Project -Report

MELBOURNE -(Dow Jones)- International Finance Corp., the development financing arm of the World Bank, plans to invest US$150 million in equity in Rio Tinto PLC's (RIO) Simandou iron ore project in Guinea as the venture aims for production by 2015 at an initial cost of US$13 billion, The Australian newspaper reported Tuesday. The IFC said the additional investment was to "help cover costs as the project continues to progress in development," the newspaper said. The Washington-based IFC acquired a 5% stake in the venture in 2006. Rio holds a 50.35% interest and Aluminum Corporation of China Ltd. (ACH) has 44.65%. Newspaper website: http://www.theaustralian.news.com.au -By Melbourne bureau; +61 3 9292 2094; djnews.sydney@dowjones.com

Stock News for Aluminum China (ACH)
DateTimeHeadline
04/17/201621:20:00Annual Report on Form 20-F for Fiscal Year 2015 of Aluminum Corporation...
04/05/201608:00:00Synthesis Energy Systems, Inc. Reports Largest of Three Aluminum...
03/20/201612:41:00Business Watch
01/19/201608:00:00Synthesis Energy Systems, Inc. Heralds New Milestone Achievement...
01/07/201618:02:00ADRs End Lower; China Firms, Oil Majors Decline
11/27/201516:11:025 Things Alcoa Wants You to Know About Its Post-Split Future
11/11/201509:00:00Synthesis Energy Systems, Inc. Reports Second Aluminum Corporation...
10/21/201503:09:52Largest Chinese Aluminum Smelter Closes, But It's Not Enough
10/10/201512:59:572 Risks For The Aluminum Market
09/21/201520:46:15Synthesis Energy Systems, Inc. Reports Another Milestone Achievement...
09/21/201520:46:08Synthesis Energy Systems, Inc. Reports Progress Update on Second...
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

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