CAPITAL MARKETS

Chalco to secure 60% stake in SouthGobi

CHINESE aluminum producer Aluminum Corporation of China (Chalco) has made an offer to acquire a 60% stake in Ivanhoe Mines subsidiary SouthGobi Resources for $C889 million ($A858 million).

Lauren Barrett
Chalco to secure 60% stake in SouthGobi

Chalco intends to make a takeover offer for the 60% interest in the Mongolian producer for $8.48 per share, up from SouthGobi’s last closing price of $6.62 prior to the offer. SouthGobi said it was...

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