Chalco Urges Erdenes TT to Honor Terms of Coal-Supply Accord
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Aluminum Corp. of China Ltd. is urging Erdenes Tavan Tolgoi LLC to honor terms of a $250 million supply agreement after Mongolia’s largest-state owned coal miner halted deliveries, seeking higher prices.
Managers at the international trading unit of Chalco, as Aluminum Corp. is called, met officials at the Ulan Bator-based company in November to discuss issues related to price and shipments, Chalco said yesterday in an e-mailed response to Bloomberg queries. The fundamental terms of the accord shouldn’t be changed, Chalco said.