Chinalco's Beijing headquarters (ImagineChina)
Chinalco Mining, a unit of state-owned Aluminum Corp of China Chinalco, has started pre-marketing for a Hong Kong initial public offering that it hopes will raise about $1 billion.
The Toromocho copper-polymetallic deposit in Peru, which is Chinalco Mining’s principal asset, is the core overseas platform for Chinalco’s non-aluminium, non-ferrous resources developments, according to a source.
Bankers will continue the pre-marketing, which started yesterday, until at least Friday. Depending on market...