(EnergyAsia, September 5 2012, Wednesday) — Citing Mongolia’s unwavering political opposition, Chinese state-owned Chalco has called off its proposed US$926 million buy-out of coal mining firm SouthGobi Resources Ltd. Chalco, the shortened name for Aluminum Corporation of China Limited, threw in the towel five months after it had launched an attempted buy-out of up to…
MONGOLIA: China’s Chalco calls off US$926 million bid for SouthGobi Resources
Posted on September 5, 2012 by EnergyAsia