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Chinalco previously injected all the production-related assets of Pingguo Aluminum (except a alloy plant) into the Guangxi branch of Chalco for Chalco's listing in 2001. Since then, Pingguo Aluminum has been supplying tools, packaging materials and labor protection items supplies and also social, logistic and ancillary services to the Guangxi branch.
Chalco will get an alloy plant, stakes in Pingguo Aluminum Building Company, some passenger vehicles and other ancillary facilities and apparatus like canteen, staff quarters and carbon production facilities from Pingguo Aluminum's assets and leave the latter a hospital, a child-care center, a hotel and some lands that cannot be transferred without related regulatory approvals and would worth a lot of money.
From www.shihua.com.cn, Page 1, Tuesday, October 21, 2008 info@SinoCast.Com
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