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  1. 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 ...

  2. Chinalco to pay 7.5b yuan for 49pc stake in Yunnan Copper

    Posted Nov 01st 2007, 12:00am by Carol Chan

    ... Carol Chan Mainland aluminium firm Chinalco has agreed to pay 7.5 billion yuan for a 49 per cent stake in Yunnan Copper Group, the mainland's third-largest copper producer, as part of its strategy to diversify into other metals. Chinalco, the parent of Hong Kong and Shanghai-listed Aluminum Corp of China (Chalco), will also set aside two billion yuan to develop downstream ...

  3. Chinalco stake deal with Rio faces collapse

    Posted Jun 05th 2009, 12:00am by Carol Chan, Denise Tsang

    ... Denise Tsang, Carol Chan and Maria Chan The biggest overseas deal in Chinese history, the US$19.5 billion tie-up between Aluminum Corp of China (Chinalco) and Rio Tinto, looked ... at GBP27.20 (HK$345.70). It dropped 6.56 per cent to A$66.90 (HK$418.29) in Sydney earlier. Chinalco Overseas Holdings president Wang Wenfu declined to comment late last night, but indicated ...

  4. Chinalco weighs options to float non-aluminium business assets

    Posted Mar 20th 2008, 12:00am by Carol Chan

    ... Carol Chan Chinalco, the mainland's largest metals company, is considering floating its non-aluminium business in the stock market either by injecting it into listed flagship Chalco ... 'It's a matter that takes time to study. All options are open and we haven't set a timetable on when to make a decision,' he said yesterday. State-owned Chinalco, which has assets ...

  5. Chinalco earmarks 30b yuan for copper business

    Posted Aug 27th 2007, 12:00am by Carol Chan

    ... Carol Chan Firm sees metal as next major profit contributor Chinalco, the mainland's biggest alumina and aluminium producer, plans to spend more than 30 billion yuan to expand its ... of Chinalco after aluminium,' Mr Xiao told the South China Morning Post. The Beijing-based firm, which just completed an US$860 million takeover of Peru Copper and unveiled its plan to buy a 49 ...

  6. Chalco to bid for parent's five aluminium fabrication plants

    Posted Mar 25th 2008, 12:00am by Carol Chan

    ... to take over from its state-owned parent, Chinalco, five aluminium fabrication plants with annual capacity of 1.09 million tonnes and an aluminium smelter with an annual capacity of 232,000 tonnes ... of Chalco's long-term vision of becoming a more integrated, global and diversified aluminium play. On completion of the acquisition, Chalco would have bought most of Chinalco's aluminium ...

  7. 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 ...

  8. Sasac plans probe of state firms' big investments

    Posted Feb 11th 2009, 12:00am by Staff Reporter

    ... such as Wuhan Iron and Steel (Group) Corp, Sinopec Corp, PetroChina and Aluminum Corp of China (Chinalco). But as the world economy slid into a downturn in the second half of last year and global commodity prices plummeted, those companies booked huge losses. Chinalco acquired a 10 per cent stake in Rio Tinto in January last year that it bought with Alcoa for US$14.05 billion. The deal ...

  9. Dumpling chain tests appetite for HK IPO

    Posted Jun 15th 2012, 12:00am

    ... according to a source close to the deal. Chinalco Mining, a unit of the world's third-biggest aluminium producer, Aluminium Corporation of China, is set to start a roadshow for its US$200 million listing. The listing of Chinalco and of Huadian Fuxin Energy, which has already secured enough cornerstone investors to support its US$391 million share sale, would be among the biggest ...

  10. No end in sight to global imbalance

    Posted Jul 28th 2009, 12:00am by Kevin Rafferty

    ... to drive the country's economic expansion. One puzzle is why Beijing chose to make its ambitions so explicit. Was it an early warning after the Aluminum Corp of China (Chinalco)-Rio Tinto aborted marriage that China would not be deterred in securing resources wherever it wished? The soured Chinalco-Rio deal might also serve as a warning to all sides that foreign takeovers can ...




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