CAPITAL MARKETS

Chalco gets acquisition cash

MAJOR Chinese aluminium company Chalco has been extended a $US2 billion credit line to finance potential overseas projects, with the Aurukun bauxite project in Queensland speculated to be an obvious target.

Michael Quinn
Chalco gets acquisition cash

Chalco is understood to be one of four companies left bidding for Aurukun, with a decision due by late this year. Dow Jones reported that Export-Import Bank of China offered the accepted $US2 billion...

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