Chinalco mulling $2 billion stake in Philippine gold and copper mine, Bloomberg News reports

August 19, 2024 - 11:37 AM
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Aluminum Corporation of China (CHINALCO) created Mineria Chinalco Peru S.A. (Chinalco Peru/Website)

Aluminum Corporation of China (Chinalco) 601600.SS is said to eye a stake worth $2 billion in Indophil Resources Phils., in a bid to gain access to what could be Philippines‘ largest gold and copper mine, Bloomberg News reported on Friday.

 —Reporting by Aaditya Govind Rao in Bengaluru; Editing by Mrigank Dhaniwala