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  1. Business - Commodities - EQUITIES

    Chalco shares soar as parent wins nod for rare earth firm

    Posted Aug 06th 2014, 07:16pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of Aluminum Corp of China (Chalco), the mainland’s largest smelter of the industrial metal, surged yesterday on speculation that its parent, Chinalco, has ... in Hong Kong and jumped the daily limit of 10 per cent in the early afternoon in Shanghai to 4.07 yuan (HK$5.12) before trading was halted for the day. Chinalco has received written approval from ...

    http://www.scmp.com/business/commodities/article/1567735/chalco-shares-soar-parent-wins-nod-rare-earth-firm
  2. Business - China Business - CORRUPTION

    Chalco vice-chairman Sun Zhaoxue resigns amid graft probe

    Posted Sep 17th 2014, 05:39am by Eric Ng

    ... of the company." Sun was president of Chalco's parent company, Chinalco. There was no announcement on the Chinalco website whether he had resigned from the position, but his name is no longer listed ... worked in various aluminium units under Chinalco for 22 years until late 2005, when he became chairman of a copper unit of the company. He was appointed president and party secretary ...

    http://www.scmp.com/business/china-business/article/1594179/chalco-vice-chairman-sun-zhaoxue-resigns-amid-graft-probe
  3. Business - Companies

    Rio Tinto rejects merger approach from Glencore

    Posted Oct 07th 2014, 01:20pm by Reuters

    ... had talked to Rio’s top shareholder, Chinese state-owned Aluminum Corp of China (Chinalco), to gauge its interest in a deal. The report, citing people familiar with the situation, said talks with Chinalco took place in recent weeks, and Glencore was also testing the waters with other Rio shareholders, studying financial and regulatory obstacles as it weighed its next steps. Any bid for Rio ...

    http://www.scmp.com/business/companies/article/1611315/rio-tinto-rejects-merger-approach-glencore
  4. Business - Commodities - LISTINGS

    Chinalco Mining plans to raise US$400m in Hong Kong

    Posted Jan 18th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Firm to offer 1.76b shares at an indicative price range of HK$1.52 to HK$1.91; five cornerstone investors commit to buy 62pc of the shares Chinalco Mining plans to raise US$400 m in HK Chinalco Mining Corporation International, an overseas unit of aluminium major Chinalco, aims to raise US$400 million to fund the construction of its copper mine in Peru. ...

    http://www.scmp.com/business/commodities/article/1130478/chinalco-mining-plans-raise-us400m-hong-kong
  5. State firm likely to retain stake in miner

    Posted Jun 06th 2009, 12:00am by Carol Chan, Kandy Wong

    ... Kandy Wong and Carol Chan Chinalco is expected to hold on to its Rio Tinto shares and participate in an upcoming rights issue despite the collapse of a tie-up, because the state-owned firm wants to remain the largest shareholder of the Australian mining giant. 'It is worth it [for Chinalco] to hold its Rio Tinto stake, because it is a valuable long-term strategic ...

    http://www.scmp.com/article/682806/state-firm-likely-retain-stake-miner
  6. Old hand named to take helm at Chinalco

    Posted Feb 20th 2009, 12:00am by Kandy Wong

    ... Kandy Wong The country's biggest metal producer, Aluminum Corp of China (Chinalco), has officially announced the appointment of Xiong Weiping to replace Xiao Yaqing as chairman. Seen by industry insiders as a prudent manager, Mr Xiong, a former Chinalco executive, is vice-chairman and general manager of China Travel International Investment Hong Kong. He was appointed to the board ...

    http://www.scmp.com/article/670607/old-hand-named-take-helm-chinalco
  7. Chinalco president stepping down to join State Council

    Posted Feb 10th 2009, 12:00am by Carol Chan

    ... Carol Chan Aluminum Corp of China (Chinalco) president Xiao Yaqing, who oversaw the country's largest overseas acquisition, will step down and be promoted to the State Council, sources said. Xiong Weiping, a former Chinalco executive and a vice-chairman and general manager of China Travel International Investment Hong Kong, will replace Mr Xiao. The appointment of Mr ...

    http://www.scmp.com/article/669404/chinalco-president-stepping-down-join-state-council
  8. Business - Commodities - ACQUISITIONS

    Chinalco Mining sets sights on copper projects in Latin America

    Posted Apr 25th 2014, 12:45am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Metal unit keen on copper projects in Peru with its huge potential and friendly environment Chinalco sets sights on Latin America Chinalco Mining, the non-ferrous and non-aluminium metals unit of aluminium giant Chinalco, is seeking acquisition opportunities in Latin America for copper projects with long-term return rates of more than 10 per cent. ...

    http://www.scmp.com/business/commodities/article/1496274/chinalco-mining-sets-sights-copper-projects-latin-america
  9. Chinalco rules out bigger Rio Tinto stake after US$14b deal

    Posted Feb 05th 2008, 12:00am by Denise Tsang

    ... Denise Tsang The president of state-owned Aluminum Corp of China (Chinalco) yesterday ruled out any plans to raise the company's stake in Rio Tinto after its US$14 billion share purchase last week threatened to kill BHP Billiton's bid for the global mining giant. Describing the investment as strategic, Chinalco president Xiao Yaqin said yesterday in Sydney ...

    http://www.scmp.com/article/625545/chinalco-rules-out-bigger-rio-tinto-stake-after-us14b-deal
  10. Business - Money - STOCKS

    Chinalco Mining tumbles 6.3pc on trading debut

    Posted Jan 31st 2013, 12:02pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Market newcomer closes 6.3pc lower than issue price after negative report about steel mills Shares in Chinalco Mining Corp International, which is developing ... a short investment horizon and were not familiar with the company's operations and outlook, analysts said. Chinalco Mining is the overseas non-aluminium and non-ferrous metals arm ...

    http://www.scmp.com/business/money/markets-investing/article/1140109/china-mining-firm-falls-hong-kong-trading-debut

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