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Results 1 - 10 of 12 for chinalco

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  1. 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 ...

  2. Chinalco in talks to buy assets from Rio Tinto

    Posted Feb 03rd 2009, 12:00am by Carol Chan

    ... Carol Chan State-owned Aluminum Corp of China (Chinalco) is in talks to buy assets from Rio Tinto and increase its stake in the world's third-biggest mining giant in a deal worth up to US$15 billion. Chinalco is willing to put more money into Rio Tinto despite its investment last year in the foreign mining company having so far lost about 75 per cent amid a plunge in commodity ...

  3. Chinalco delays 8b yuan bond on Rio stake doubts

    Posted Oct 18th 2008, 12:00am by Eric Ng

    ... Eric Ng Group denies shares may be at risk Aluminum Corp of China (Chinalco), the parent of listed Chalco, has rejected reports that its Rio Tinto shares frozen by the liquidators ... over the outcome have led Chinalco and Chalco to delay the launch of 8 billion yuan (HK$9.08 billion) of corporate bonds. Certain media reports about the 12 per cent Rio Tinto stake ...

  4. Chinalco and Rio Tinto to jointly develop giant Guinea ore reserve

    Posted Mar 20th 2010, 12:00am by Howard Winn

    ... Howard Winn Rio Tinto has signed a US$1.35 billion deal with the mainland's largest aluminium company, Chinalco, to develop the huge Simandou iron ore project in Guinea. Under the terms of a non-binding memorandum of understanding, Rio Tinto, which owns 95 per cent of the project, said it would transfer its holding into a joint venture with Chinalco, with the mainland ...

  5. Has nothing been learnt from the Unocal fiasco?

    Posted Feb 14th 2009, 12:00am by Shirley Yam

    ... resource company, Rio Tinto Group, the price tag is US$19.5 billion and the buyer is Aluminum Corp of China (Chinalco), a government-owned entity. We don't doubt Beijing's determination ... withdrawn, definitely sent a chill up the spine of central government officials. The question is how successful Chinalco's investment will be. Some clues might be drawn from a comparison ...

  6. Mainland firms chasing oil and gas deals overseas worth US$12b

    Posted Jun 08th 2009, 12:00am by Staff Reporter

    ... by Aluminum Corp of China (Chinalco) in the mainland's largest resource deal to date. Leading the mainland bidders still in the market, two sources said, was China Petroleum & Chemical Corp, ... Chinalco's US$19.5 billion deal to acquire assets and increase its stake in Rio Tinto, the third-largest mining company in the world, failed when the Australian firm backed out. Chinese oil companies ...

  7. In Brief

    Posted May 28th 2008, 12:00am by Staff Reporter

    ... Poor's Ratings Services yesterday removed Aluminum Corp of China (Chalco) from negative credit watch as it does not expect parent company Chinalco's US$14 billion purchase of a Rio Tinto stake to have an immediate financial impact on Chalco. Chinalco's purchase is being entirely funded by bank debt. The financing terms are from five to 12 years, meaning incremental annual ...

  8. Stern who? Rio's China relations move on

    Posted Aug 21st 2010, 12:00am by Howard Winn

    ... aluminum producer Chinalco in Rio Tinto. The collapse of that deal infuriated the Chinese, but Hu's guilty plea was acutely embarrassing to Rio Tinto. At the same time there were tensions over ... with China. As an example of this new approach to China, he pointed to the recent agreement with Chinalco to establish a joint venture covering the development and operation of the Simandou iron ore ...

  9. China and Australia seal A$10b deals to boost ties

    Posted Jun 22nd 2010, 12:00am by Howard Winn

    ... Chinalco-Rio Tinto deal, the jailing of four Rio Tinto executives, and the row over the surge in iron ore prices. Despite the chill in relations, Australia's exports to China rose 45 per cent last ... resources deals. In the past, China sought to buy equity stakes of mining companies with access to resources. This tactic on occasions blew up spectacularly, as with Chinalco's attempt ...

  10. Potential takeover bid or losses as Sinopec targets Repsol stake

    Posted Jan 19th 2009, 12:00am by Staff Reporter

    ... they want to do the whole company,said one energy specialist.Otherwise it could become just another Chinalco. Chinalco spent US$14 billion on February 1 last year amassing a 9 per cent stake in Rio ...




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