Tianshan Aluminum has signed a cooperation deal with an unnamed Indonesia bauxite company, it said on August 10 - a move to secure more supply and boost its competitiveness.
Tianshan will buy no less than 49% of shares of the bauxite company through direct or indirect acquisitions, the company told the Shenzhen Stock Exchange website, where it is listed."Indonesia is an important bauxite producer and exporter in the world. Our exploring bauxite mine in Indonesia is conducive to...