Chalco to boost Guangxi investment

The Aluminium Corporation of China (Chalco), China's biggest alumina producer, said it plans to boost its investment in a joint venture company by an additional RMB701m to finance an alumina project in Guangxi, the Standard of Hong Kong reported, citing a stock exchange announcement from the company. Chalco said it has entered into an agreement with its two JV partners, China Minmetals Non-ferrous Metals and Guangxi Investment Group, to increase the total investment in the venture from RMB10m to as much as RMB8.49bn in Guangxi Huayin Aluminium, which explores for bauxite and produces and sells alumina and related products.