Investment in Guangxi Bauxite Reserves Exploitation by ChalcoAluminum Corp of China LTD • February 21st, 2003 • Primary production of aluminum
(Beijing, February 17, 2003),The capital contribution agreement signing ceremony was held on Feb. 16 in Beijing in respect of establishment of Guangxi Guixi Huayin Aluminum Corporation Limited ("Project Company") jointly initiated by Aluminum Corporation of China Limited (2600), Guangxi Investment (Group) Corporation and Minmetals Non-Ferrous Metals Co., Ltd. Conclusion of the agreement marks the commencement of preliminary preparations for the establishment of China's seventh alumina refinery. The initial registered capital of the Project Company totals RMB10 million, among which Chalco has a capital contribution share of 33%, Guangxi Investment 34% and Minmetals 33%.
