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Results 1 - 10 of 14 for chinalco

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  1. Chinalco rules out bigger Rio Tinto stake after US$14b deal

    Posted Feb 05th 2008, 12:00am by Denise Tsang

    ... Denise Tsang The president of state-owned Aluminum Corp of China (Chinalco) yesterday ruled out any plans to raise the company's stake in Rio Tinto after its US$14 billion share purchase last week threatened to kill BHP Billiton's bid for the global mining giant. Describing the investment as strategic, Chinalco president Xiao Yaqin said yesterday in Sydney ...

    http://www.scmp.com/article/625545/chinalco-rules-out-bigger-rio-tinto-stake-after-us14b-deal
  2. Chinalco seeks to retrieve Lehman-held Rio shares

    Posted Oct 17th 2008, 12:00am by Eric Ng

    ... Eric Ng Aluminum Corp of China (Chinalco) is reportedly negotiating with liquidators of the collapsed investment bank Lehman Brothers Holdings to retrieve multibillion US dollars worth of shares in Australian mining major Rio Tinto. Chinalco was in urgent talks with the liquidators in Hong Kong to get back the 12 per cent stake in London-listed Rio Tinto it bought with United ...

    http://www.scmp.com/article/656610/chinalco-seeks-retrieve-lehman-held-rio-shares
  3. Chinalco prepares to spend big on resources

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

    ... Carol Chan Non-ferrous metals on the list of potential assets Aluminum Corp of China (Chinalco) plans to spend between 20 billion yuan (HK$22.1 billion) and 30 billion yuan on acquisitions ... in an attempt to prevent a hostile bid for the world's third-biggest mining company by BHP Billiton. 'Resources are the basis of the company's sustainable development,' Chinalco ...

    http://www.scmp.com/article/631140/chinalco-prepares-spend-big-resources
  4. 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 ...

    http://www.scmp.com/article/625534/bold-chinalco-powerful-position
  5. Chinalco rules out need for funds to buy assets overseas

    Posted Mar 06th 2008, 12:00am by Carol Chan, Eric Ng

    ... Carol Chan and Eric Ng in Beijing Aluminum Corp of China (Chinalco) and a listed unit had no immediate plans to raise money to help fund their overseas acquisitions, the company's top executive said. The world's third-largest alumina producer would continue to seek overseas acquisitions as part of its strategy to transform into a global mining firm, Chinalco president Xiao ...

    http://www.scmp.com/article/628832/chinalco-rules-out-need-funds-buy-assets-overseas
  6. Australian competition watchdog gives Chinalco's Rio deal all-clear

    Posted Feb 28th 2008, 12:00am by Carol Chan

    ... Carol Chan Australia's competition body says it will not block the US$14 billion purchase of a stake in mining giant Rio Tinto by Aluminum Corp of China (Chinalco) and Alcoa, easing fears the deal could face regulatory hurdles. The Australian Competition and Consumer Commission began an informal review into the 12 per cent stake purchased in Rio by Chinalco and Alcoa ...

    http://www.scmp.com/article/627844/australian-competition-watchdog-gives-chinalcos-rio-deal-all-clear
  7. Chinalco stymied on Rio Tinto bid

    Posted Feb 18th 2008, 12:00am by Staff Reporter

    ... at the time of the acquisition that it had no intention of doing so. The statement now binds the company to a half-year 'quiet period', according to a source. 'When Chinalco talked ... are persons working in concert with them, for six months. Chinalco, as Aluminum Corp is known, and US partner Alcoa had agreed to buy as much as a 14.9 per cent stake in Rio Tinto, according ...

    http://www.scmp.com/article/626635/chinalco-stymied-rio-tinto-bid
  8. Lai See

    Posted Feb 14th 2009, 12:00am by Ben Kwok

    ... Ben Kwok Chinalco's love for Rio written in stars, but will romance last? Can it just be coincidence that Chinalco's infatuation with Rio Tinto seems to coincide with Valentine's Day? It was around this time last year that Chinalco teamed up with fellow aluminium giant Alcoa to buy a 9 per cent stake in the world's third-largest miner for US$14 billion. ...

    http://www.scmp.com/article/669880/lai-see
  9. Rio Tinto wants state firms in mine projects

    Posted Apr 04th 2008, 12:00am by Carol Chan

    ... Carol Chan Rio Tinto Group, the world's third-largest mining company, said it would like to work with state-owned firms such as Aluminum Corp of China (Chinalco), its biggest ... bring in capital or had access to infrastructure. Joint-venture partners could include Chinalco, which this year spent US$14 billion buying a 9 per cent stake in Rio Tinto with Alcoa ...

    http://www.scmp.com/article/632428/rio-tinto-wants-state-firms-mine-projects
  10. 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 ...

    http://www.scmp.com/article/722682/stern-who-rios-china-relations-move

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