East Hope talks on Chalco co-investment at an end Shanghai-based East Hope Group has failed to reach a deal with dominant alumina producer Aluminum Corp of China (Chalco) to co-invest in a proposed alumina project in Henan province, according to a Chalco spokesman. The Economic Observer weekly reported that East Hope had appointed an unidentified project design institute not affiliated with Chalco in a bid to get around Chalco's technical dominance in alumina facilities construction. Mainland may raise coal output by 8pc next year China, the world's biggest producer and consumer of coal, may raise output by 8 per cent next year to 2.05 billion tonnes, Bloomberg quoted China National Coal Association president Fan Weitang as saying in an interview in Beijing. The government projected output to rise to 1.9 billion tonnes this year from last year's 1.66 billion tonnes. Global green tech starts up surfactant plant Global Green Tech Group began operations at a new factory in Dongguan in September, at an investment of $120 million. The 10,000 square metre factory is expected to raise the company's production capacity fourfold to 60,000 tonnes per year of mainly industrial surfactants. The Hong Kong-listed firm is engaged in home and personal care products, cosmetics, industrial surfactants and biotechnology products. World sme fair draws more than 300 exhibitors More than 300 trade service providers, industry associations, government departments, consulates and trade organisations from Hong Kong and the world will offer services to small and medium enterprises (SMEs) at the World SME Expo at the Hong Kong Convention and Exhibition Centre from November 16 to 18. Medianation recovers from net loss last year Outdoor media advertising company MediaNation said its unaudited three-month net profit to September was $4.6 million, compared with a net loss of $18.3 million a year ago. However, over the nine-month period it had a net loss of $2.4 million, down from a net loss of $102.5 million a year ago. The Growth Enterprise Market-listed company's nine-month revenue grew 22 per cent to $324.2 million from $266.3 million a year ago. Airasia clear to ply kuala Lumpur-macau route Malaysian low-cost airline, AirAsia, said yesterday it will expand its presence in Macau with the launch of a new daily flight from Kuala Lumpur next month. The Kuala Lumpur-Macau service, which will start on December 15, will be AirAsia's third daily flight to the former Portuguese enclave, adding to the two daily services it flies between Bangkok and Macau. The first 5,000 people to book seats on the new Kuala Lumpur-Macau service would be offered a special discount one-way fare of 219 patacas, excluding airport taxes and surcharges, it said.