China's Chinalco could invest $426 million in Suriname bauxite projectPARAMARIBO, Nov 25 (Reuters) - Chinese mining company Chinalco could invest some $426 million in bauxite mining in Suriname, the chair of a Surinamese presidential mining commission said on Monday, with the South American country expected to get a 13% share in the project.
If approved by parliament, Chinalco could begin construction by the middle of next year and would produce 6 million tonnes of bauxite - the key ore for aluminum - per year, said government advisor Daniel Lachman.
(Reporting by Ank KuipersWriting by Oliver Griffin)
((Oliver.Griffin@thomsonreuters.com; +57 304-583-8931;))
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