皇冠体育app

(Agencies)
Updated: 2007-11-30 15:01

Aluminum Corp of 皇冠体育app, or 皇冠体育applco, will invest 500 million yuan (US$67.6 million) in a five-year metal mining exploration project in 皇冠体育app's western province of Qinghai, the company said.

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皇冠体育applco, 皇冠体育app's largest integrated aluminium firm, said in a statement on Thursday it had signed an agreement with the provincial government of Qinghai on the project the day before.

Soaring global mineral prices have spurred Chinese metal smelters to expand into the mining sector to secure raw material supplies and boost earnings.

皇冠体育applco, parent of listed Aluminum Corp of 皇冠体育app Ltd, is trying to diversify from a pure aluminium firm into an international multimetals mining company, officials have said.