26 NOVEMBER 2024AlCircle.com
Suriname bauxite project attracts Chinalco; Chinese miner agrees to pump in $426 million
Edited by : Debanjali Sengupta
2 min read
Aluminium Corporation of China Limited, popularly known as Chinalco, a state-owned multinational company, is likely to invest around $426 million in bauxite mining in Suriname, said the chairman of a Surinamese presidential mining commission on Monday, November 25.
If this investment is approved by parliament, Chinalco will begin bauxite mining by the middle of 2025 to produce 6 million tonnes of the key ore of aluminium annually, reported government advisor Daniel Lachman.
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