Aluminum Corp. of China Ltd., or Chinalco, which earlier this year teamed up with Alcoa of the U.S. to buy a $14 billion stake in Rio Tinto plc of the U.K., is on the hunt for more acquisitions.
Xioaling Ren, vice president of marketing for Chinalco, told Reuters at the CESCO/CRU copper conference in Chile: "We're searching lots of opportunities, but it's hard to tell now."
There has been speculation that Chinalco could spend between $2.8 billion and $4.2 billion on new assets. - Neil Sen
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'
Aluminum Corp. of China Ltd., or Chinalco, which earlier this year teamed up with Alcoa of the U.S. to buy a $14 billion stake in Rio Tinto plc of the U.K., is on the hunt for more acquisitions. 
