Chinalco mulling $2b stake in Philippine gold and copper mine

Chinalco mulling $2b stake in Philippine gold and copper mine

The logo of Aluminum Corporation of China, or Chinalco, is seen at its booth at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo/ File Photo

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

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