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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. Chalco to buy three smelters from parent firm

    Posted Jan 06th 2007, 12:00am by Carol Chan

    ... for the metal. Chalco said its parent company Chinalco had bought 80 per cent of Baotou Aluminum (Group), which in turn owns 55.06 per cent of Shanghai-listed Baotou Aluminum, from the Inner Mongolian government. 'We [Chalco] have plans to buy Baotou Aluminum from our parent Chinalco after we complete an A-share listing on the Shanghai Stock Exchange, but no timetable has been set yet,' ...

    http://www.scmp.com/article/577699/chalco-buy-three-smelters-parent-firm
  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 takes over aluminium plate firm

    Posted Sep 04th 2007, 12:00am by Staff Reporter

    ... Jasmine Wang Chinalco, the mainland's biggest alumina and aluminium producer, said it would expand its aluminium fabrication business by paying 1.2 billion yuan for a 75 per cent ... 400 million yuan for the remaining 25 per cent, the China Securities Journal reported yesterday. The acquisition could help to improve the product structure of Chinalco, the parent of listed ...

    http://www.scmp.com/article/606601/chinalco-takes-over-aluminium-plate-firm
  6. 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 ...

    http://www.scmp.com/article/1004552/chinalcos-engineering-arm-braves-difficult-market
  7. 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
  8. 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
  9. Chinalco worst performer among state firms with 7.25b yuan loss

    Posted Aug 24th 2010, 12:00am by Eric Ng

    ... Eric Ng Chinalco, the parent of listed Aluminum Corp of China (Chalco), has been named the weakest-performing of 108 state-owned enterprises last year, although Chalco yesterday posted a profit for the first half of this year. Chinalco recorded a loss of 7.25 billion yuan (HK$8.29 billion) last year, ranking it below Sichuan province-based steel-maker Pangang Group's 1.64 ...

    http://www.scmp.com/article/722953/chinalco-worst-performer-among-state-firms-725b-yuan-loss
  10. Chinalco confident Rio deal will be approved

    Posted Apr 01st 2009, 12:00am by Eric Ng

    ... Eric Ng Aluminum Corp of China (Chinalco) played down concerns its US$19.5 billion stake acquisition in Rio Tinto Group and its prime mining assets may be rejected by the Australian ... interests and he saw no indications it would be rejected by Canberra. Chinalco was only buying a minority stake in the mining giant that would not hurt the selling prices of Australia's ...

    http://www.scmp.com/article/675425/chinalco-confident-rio-deal-will-be-approved

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