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Results 1 - 10 of 12 for chinalco

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  1. Bold Chinalco in powerful position

    Posted Feb 05th 2008, 12:00am by Tom Holland

    ... Tom Holland Speaking to reporters yesterday in Sydney, Chinalco boss Xiao Yaqing explained that his purchase of US$13 billion worth of shares in international mining giant Rio Tinto was driven solely by financial considerations. Chinalco bought the stake purely in the hope of making a decent return on the investment, he insisted. Few believed him. Even though US aluminium maker ...

  2. Chinalco's engineering arm braves difficult market

    Posted Jun 21st 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Aluminum International Engineering, the engineering and construction unit of state-owned Aluminum Corporation of China (Chinalco), is going where only ... opportunities for smelter construction, Tang said Chinalco's diversification into nonferrous metals such as copper and rare earths would bring in additional business opportunities for its ...

  3. Declining earnings trigger pay cuts at state-owned companies

    Posted Jan 28th 2009, 12:00am by Staff Reporter

    ... and expense accounts and issued a moratorium on stock options for executives. Already, key state-owned industrial companies such as Aluminum Corp of China (Chinalco) are implementing pay cuts as earnings collapse in the face of falling prices and a broad industrial slowdown. New details about pay cuts at Chinalco, the mainland's biggest producer of alumina and aluminium, emerged ...

  4. 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 ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. Asian companies raise profile for M&A activity

    Posted Apr 15th 2008, 12:00am by Staff Reporter

    ... sophisticated way,' said Kroll managing director Chris Leahy. 'They have a very high level of comfort on complicated transactions, for example Chinalco's raid of Rio Tinto shares was a classic developed economy M&A move.' Aluminum Corp of China, or Chinalco, approached Rio shareholders on February 1 and, through adviser Lehman Brothers, bought a 12 per cent stake ...

  9. 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 ...

  10. Shenhua eyes stake, closer ties with Anglo American

    Posted Apr 14th 2008, 12:00am by Staff Reporter

    ... Global Securities. Chinalco bought a 9 per cent stake in Rio Tinto in January in a deal funded by China Development Bank. Chinese companies were reportedly looking to take a stake in BHP Billiton, The Australian said last week. Chinalco bought the stake so it could have an advantage in any asset sales that will result from a Rio-BHP merger, in the works since November. Anglo ...




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