Aluminum Corporation of China, or Chinalco, is negotiating with Mongolia about its participation in the project of Oyu Tolgoi, a copper-gold mine of Mongolia. The earliest time for the final decision of Chinalco's participation would be in July, and the labor contract would be a booster for that.
In March this year, Chinalco's president Xiong Weiping expressed the company's willingness to co-develop the Oyu Tolgoi mine. It is the largest undeveloped copper-gold mine in the world, located 200 kilometers away from the border of the two countries.
Chinalco has strong advantages in participating in this mine's exploration. Located in the interior land, the mine depends largely on the infrastructure of China for the export of its products, and China is the only large country with mineral import around Mongolia.
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