Article: BRIEFING - ASIA MINING - APRIL 16, 2007.

An executive briefing on mining for April 16, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

ALCAN TO PULL OUT OF JV WITH INDIA'S HINDALCO

MONTREAL - Global aluminium giant Alcan Inc on Friday announced its plan to sell its 45 per cent stake in India's Utkal Alumina International Ltd, its joint venture with Aditya Birla group flagship Hindalco Industries (BSE:500440).

Alcan has already taken initial steps for selling the stake and expects to complete the transaction during the second quarter of 2007, it said in a statement here.

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