• Sunday
  • August 31, 2014
  • Last updated: 3:02am
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 9 of 9 for chinalco

Search results

  1. Chinalco keeps vision of mining global resources

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

    ... Carol Chan State-owned Aluminum Corp of China (Chinalco) will keep its dream of developing into a leading global diversified resources company alive despite the failure of its US$19.5 billion tie-up with Rio Tinto. Rio yesterday scrapped the deal with Chinalco, its largest shareholder, choosing instead to raise US$15.2 billion in a rights issue and set up a joint venture ...

  2. 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 ...

  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. Benefits of getting a foot in the door

    Posted Jun 02nd 2004, 12:00am by Eric Ng

    ... resigned as general manager of parent Chinalco to take up a central government appointment. The firm later added he would also step down as chairman, president and chief executive of Chalco after its annual general meeting. A company spokesman confirmed that Xiao Yaqing, deputy general manager, had replaced 49-year-old Mr Guo as Chinalco's general manager. The transfer from ...

  5. 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 ...

  6. Beijing asserts right to review Rio-BHP deal

    Posted Jun 16th 2009, 12:00am by Kandy Wong

    ... action against it. Rio walked away from a planned US$19.5 billion equity tie-up with state-owned Aluminum Corp of China (Chinalco) earlier this month and instead proposed a US$116 billion iron ... Chinalco expressed 'deep disappointment' over losing out to BHP in the Rio deal. Moreover, last week, the China Iron and Steel Association said it would 'determinedly' oppose ...

  7. Gazumped over Rio Tinto, Beijing throws a hissy fit

    Posted Jun 19th 2009, 12:00am by Tom Holland

    ... on Chinalco as their saviour. Things have changed since then. With commodities up almost 40 per cent and the credit markets easing, Chinalco's offer was no longer looking so attractive. Two weeks ...

  8. Tensions grow over strategic minerals

    Posted Jul 13th 2009, 12:00am by Carol Chan

    ... mining group Chinalco to raise its stake in global mining giant Rio Tinto failed last month when Rio spurned the US$19.5 billion investment and chose instead to make a rights issue and establish ...

  9. Beijing antitrust law may foil Rio-BHP deal

    Posted Jun 15th 2009, 12:00am by Carol Chan, Martin Zhou

    ... their Western Australian iron ore operations. The deal came after debt-ridden Rio cancelled a proposed US$19.5 billion tie-up with mainland state-owned Aluminum Corp of China (Chinalco) following ...



SCMP.com Account