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  1. 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 ...

  2. Yunnan Copper to sell bonds

    Posted Oct 13th 2007, 12:00am by Carol Chan

    ... parent, Yunnan Copper Group, earlier reaffirmed that its plan to inject its copper mine assets into the listed arm was unchanged by the sale of a strategic stake to Chinalco. Chinalco, the parent ... The stake sale to Chinalco would bring capital, copper resources and technology the firm needed for its copper-processing business, Mr Zou said. Yunnan Copper Group, which owns 7.5 million tonnes ...

  3. Beijing goes slow on Valin's Fortescue stake

    Posted Apr 16th 2009, 12:00am by Staff Reporter

    ... larger US$19.5 billion Rio Tinto-Aluminum Corp of China (Chinalco) deal, sources said. 'Everyone is saying that is not the case but that is exactly what is happening,' one source said. ... Both sources said the deal would go through as China needs resources. Limitations such as a shareholding cap and conflict of interest declarations are to be put in place with Chinalco as well, ...

  4. Has nothing been learnt from the Unocal fiasco?

    Posted Feb 14th 2009, 12:00am by Shirley Yam

    ... resource company, Rio Tinto Group, the price tag is US$19.5 billion and the buyer is Aluminum Corp of China (Chinalco), a government-owned entity. We don't doubt Beijing's determination ... withdrawn, definitely sent a chill up the spine of central government officials. The question is how successful Chinalco's investment will be. Some clues might be drawn from a comparison ...

  5. Aircraft maker to take off in March

    Posted Jan 29th 2008, 12:00am by Charlotte So

    ... shareholder, according to Shanghai Securities News, quoting an unnamed source from AVIC I. State-owned Baoshan Iron & Steel and Chinalco, parent of Aluminum Corp of China, were on the list of preliminary shareholders for the new company, the newspaper said. Chinalco, the country's largest aluminium producer, is keen to be one of the shareholders as aluminium is a major component ...

  6. Mainland metals firms bid for Peru company

    Posted Dec 07th 2007, 12:00am by Carol Chan

    ... In August, aluminium firm Chinalco completed a US$860 million takeover of Peru Copper, giving Chinalco total copper reserves of about 20 million tonnes. The NOC deal is Jiangxi Copper's second ...

  7. 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 ...

  8. The Net Delusion

    Posted Jan 09th 2011, 12:00am by Charmaine Chan

    ... Charmaine Chan The Net Delusion by Evgeny Morozov Allen Lane, HK$195 In 2009, Vietnamese activists protesting against the building of a bauxite mine (by a joint venture between the government and a subsidiary of China's Chinalco) discovered their every online move was being monitored by a third party and their computers used to attack other online targets. 'Most ...

  9. Mainland firms chasing oil and gas deals overseas worth US$12b

    Posted Jun 08th 2009, 12:00am by Staff Reporter

    ... by Aluminum Corp of China (Chinalco) in the mainland's largest resource deal to date. Leading the mainland bidders still in the market, two sources said, was China Petroleum & Chemical Corp, ... Chinalco's US$19.5 billion deal to acquire assets and increase its stake in Rio Tinto, the third-largest mining company in the world, failed when the Australian firm backed out. Chinese oil companies ...

  10. 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 ...




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