19th Jun 2006 10:35
Aricom PLC19 June 2006 Aricom signs Memorandum of Understanding with Chinalco 19 June 2006 Aricom plc ("Aricom" or the "Company"), the AIM traded mining company, todayannounces it has entered into a non-binding Memorandum of Understanding("Memorandum") with Aluminium Corporation of China ("Chinalco"), the largestnon-ferrous metal company in China and owner of China's largest titanium metalprocessing plant. The Memorandum relates to proposed co-operation in the design and development ofa titanium sponge production plant in China. The plant, which is intended tosource ilmenite feedstock from Aricom's Kuranakh deposit in the Far East ofRussia, will enable the Company to participate in the high value titanium metalmarket. The companies are in discussions about forming a joint venture companythat would build on Aricom's strengths and expertise in resources andtechnology, and Chinalco's capital strength and expertise in engineering designand metal production. Enquiries: Tom Swithenbank Aricom plc 020 7201 8939Tim Grey The Millbrook Partnership 020 7520 9455 Note to Editors: The proposed cooperation between Aricom plc and Aluminium Corporation of Chinawas announced at the 17th China Harbin International Fair for Trade and EconomicCooperation, which is taking place from 15-19 June 2006 and in which Aricom isparticipating. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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