Chinalco gets board’s nod on $1.32B project expansion

Jun 18, 2013 | 10:21 AM | Claire Hack

Tags  Toromocho, copper, project expansion, Chinalco, capital expenditures, IPO, initial public offering, Peru mine Claire Hack

LONDON — Aluminum Corp. of China Ltd. (Chinalco) will spend about $1.32 billion to expand the Toromocho copper project in Peru, the company said.

The expansion, which aims to optimize and increase the project’s capacity, was approved by the company’s board June 17.

The approval is still subject to any potential amendments, finalization details and/or shareholder approval.....

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