Chalco gets 30-day extension to find $920 million for SouthGobi Resources

Aluminum Corporation of China Limited (NYSE:ACH) and Ivanhoe Mines Ltd. (TSE:IVN) agreed that the Chinese aluminum firm will get 30 days to buy Ivanhoe's stake in SouthGobi Resources (TSE:SGQ). Chalco can bid up to 60% of the common shares held by...