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  • September 21, 2014
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Results 1 - 5 of 5 for chinalco

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  1. 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 ...

  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. 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. Steelmakers weigh staff, pay and output cuts

    Posted Nov 22nd 2008, 12:00am by Carol Chan

    ... in response to a report that its state-owned parent Chinalco had laid off more than 5,000 temporary staff amid weak market conditions. 'All of them are temporary workers and do not have any employment contracts with Chinalco. You cannot say it is a layoff,' Ms Liu said, adding that Chalco did not have temporary workers or any plans to axe staff. Xinhua Finance News reported ...

  5. Meltdown to test mettle of state asset managers

    Posted Nov 22nd 2008, 12:00am by Shirley Yam

    ... a 1 billion yuan injection from the state. Yesterday, Aluminum Corporation of China (Chinalco) said it would lay off more than 5,500 temporary workers and cut its capital expenditure. China Petroleum ... beyond imagination. However, when one looks at the account books, management has little excuse. Take Chalco, Chinalco's listed entity, as an example. While turnover had fallen 5 per cent ...



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