Aluminum Corp. of China (ACH) will reportedly set the price of the IPO of Chinalco Mining - its...

|About: Aluminum Corporation of ... (ACH)|By:, SA News Editor

Aluminum Corp. of China (ACH) will reportedly set the price of the IPO of Chinalco Mining - its Peruvian copper mining division - at HK$1.75. It's about the midpoint of the expected range and puts the size of the deal at HK$3.1B ($400M). Several major commodity players are cornerstone investors, and have agreed to buy $240M of shares.