Chinalco Takes On Volatile Tibet

China’s largest mining company announced that it would step up operations in Tibet, home to numerous mineral resource deposits. From Forbes:

The country’s largest miner, Aluminum Corp. of China (nyse: ACH – news – people ), or Chinalco, is investing 250 million yuan ($36.5 million) to scout the region, the company’s Web site said. A newly established unit, China Aluminum Tibet Mining, will conduct exploration, metals smelting, and sales activities.

A controversial railway link between Beijing and Lhasa that was built in 2006 has opened up a cheap transportation route between Tibet and the rest of China, and the Ministry of Railways plans to expand Tibet’s rail network further.

The Yulong copper deposit in southeastern Tibet, China’s largest copper deposit, already has drawn domestic mining companies. Western Mining and Zijin Mining Group plan to begin digging in September. Chinalco currently operates a smelting plant in the Amdo region in eastern Tibet.

Tweets

SUPPORT CDT

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.