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Chinalco mining surges by record after parent offers buyout

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CORPORATE ACTIVITY
Chinalco Mining Corporation International advanced the most on record after owner Aluminum Corporation of China, or Chinalco, offered a premium of about one third to take the Hong Kong-listed unit private. Shares in CMC, which mines copper in Peru, remained below the takeout price. CMC jumped as much as 28% to HK$1.34 and closed at HK$1.31.
 
 
 
 
 

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