Mines, Power Plants in a Chinalco Survival Strategy

Having extracted itself from a sea of red ink, China's leading aluminum concern Chinalco is now busy building an upstream investment portfolio as a bulwark against future threats.

Recent additions to the portfolio of state-owned Chinalco include stakes in rare earth and coal mines in China as well as an iron ore project in West Africa in a partnership with Anglo-Australian mining concern Rio Tinto.