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  • October 25, 2014
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Results 1 - 8 of 8 for chinalco

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  1. Business - China Business - CORRUPTION

    Chalco vice-chairman Sun Zhaoxue resigns amid graft probe

    Posted Sep 17th 2014, 05:39am by Eric Ng

    ... of the company." Sun was president of Chalco's parent company, Chinalco. There was no announcement on the Chinalco website whether he had resigned from the position, but his name is no longer listed ... worked in various aluminium units under Chinalco for 22 years until late 2005, when he became chairman of a copper unit of the company. He was appointed president and party secretary ...

  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,' ...

  3. 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 ...

  4. Chinalco in C$840m bid for Peru Copper

    Posted Jun 12th 2007, 12:00am by Eric Ng

    ... Eric Ng Deal allows firm to complete diversification Peru Copper has agreed to an C$840 million (HK$6.18 billion) cash takeover offer by Chinalco, the parent of Hong Kong-listed Aluminum Corp of China (Chalco), according to the Canadian company. The deal, the latest attempt by a mainland resource firm to gain control of reserves overseas, will allow Chinalco, the world's ...

  5. Business - Commodities - METALS

    Aluminium faces tough future, warns Chalco

    Posted Aug 31st 2013, 12:00am by Eric Ng

    ... unit in Guizhou province to Chinalco will improve its asset and debt structure, resulting in a lower debt-to-asset ratio. ...

  6. Chalco to bid for 4.2b yuan parent assets

    Posted Feb 27th 2008, 12:00am by Carol Chan

    ... to diversify into downstream aluminium processing. Chinalco, Chalco's parent, had put up for sale stakes in six of its subsidiaries on Monday on the Beijing Equity Exchange, a fledgling platform ... and listed firms are preferred. 'Not many metals firms could meet all the requirements. It is somehow tailor-made for Chalco,' an analyst said. Chinalco, which this year led a US$14 billion ...

  7. Chalco shares surge on Baotou takeover plan

    Posted Jul 04th 2007, 12:00am by Carol Chan

    ... shareholders also can choose to sell their shares to Chalco for 21.67 yuan each in cash. Chalco's parent Chinalco indirectly owns 55 per cent of Inner Mongolia-based Baotou. Chalco plans to take ...

  8. Competition erodes Chalco's dominance

    Posted Apr 25th 2007, 12:00am by Eric Ng

    ... cent to 9.96 billion yuan from last year, based on international accounting standards. In a research report, Lehman Brothers said Chalco's parent Chinalco might sell its 725,000 ...



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