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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
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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