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China’s Minmetals Resources Scrambles To Extend Life of Mines, Eyes Alumina
Edited by : AL CIRCLE
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Scrambling to extend the life of its mines, four of which are set to conclude by 2020, China's Minmetals Resources Ltd. is on the prowl to acquire Australia based miners Mirabela Nickel Ltd.and Alumina Ltd., with a $7 billion to boot to capture the two companies' nickel, bauxite and alumina output.
Analysts interviewed by Bloomberg estimated Alumina Ltd.worth may be at A$8.5 billion.
Alumina Ltd. owns 40 per cent of the Alcoa World Alumina & Chemical. Its assets include two bauxite mines and three alumina refineries in Australia as well as mines in South America and Guinea.
Analysts interviewed by Bloomberg estimated Alumina Ltd.worth may be at A$8.5 billion.
Alumina Ltd. owns 40 per cent of the Alcoa World Alumina & Chemical. Its assets include two bauxite mines and three alumina refineries in Australia as well as mines in South America and Guinea.
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