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  1. 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 ...

  2. Between a lot of rock and a hard place

    Posted Mar 09th 2009, 12:00am by Greg Barns

    ... tests, because it has the power to block or approve Chinalco's proposed A$30 billion (HK$150 billion) investment in cash-strapped Anglo-Australian Rio. Foreign investment is a way of life ... and that the Rio deal is no different- they have to weigh up what saying 'no' would mean for Australia's relationship with China. The domestic politics of the Chinalco-Rio deal are finely ...

  3. Sasac plans probe of state firms' big investments

    Posted Feb 11th 2009, 12:00am by Staff Reporter

    ... such as Wuhan Iron and Steel (Group) Corp, Sinopec Corp, PetroChina and Aluminum Corp of China (Chinalco). But as the world economy slid into a downturn in the second half of last year and global commodity prices plummeted, those companies booked huge losses. Chinalco acquired a 10 per cent stake in Rio Tinto in January last year that it bought with Alcoa for US$14.05 billion. The deal ...

  4. Chalco makes first alumina spot price increase in seven months

    Posted Jan 20th 2009, 12:00am by Carol Chan

    ... million yuan, she said. Chalco's state-owned parent, Chinalco, an integrated nonferrous metal producer, also saw its profit decline following weakening demand and lower prices for aluminium and other nonferrous metals. Chinalco reported a profit of 2 billion yuan for last year, compared with more than 20 billion yuan in 2006 and 2007, falling short of targets set by the State-owned ...

  5. In Brief

    Posted Sep 12th 2008, 12:00am by Staff Reporter

    ... Chinalco to invest 5b yuan in aluminium alloys plant Chinalco, the mainland's largest aluminium producer, will spend more than 5 billion yuan (HK$5.7 billion) on an aluminium alloys ... Chinalco's 2 billion yuan titanium sponge plant with Russian miner Aricom in Heilongjiang also started construction this week. Carol Chan China Everbright posts 20pc decline in interim earnings China ...

  6. Business - Money

    Mid-tier initial public offerings perform best in slow year for Hong Kong

    Posted Nov 11th 2013, 05:17am by Alex Frew Mcmillan

    ... and Chinalco Mining Corp International- have averaged 10 bookrunners each. Galaxy Securities holds the record for this year with 21 bookrunners. Of the 39 initial public offerings in Hong Kong up ...

  7. In Brief

    Posted May 28th 2008, 12:00am by Staff Reporter

    ... Poor's Ratings Services yesterday removed Aluminum Corp of China (Chalco) from negative credit watch as it does not expect parent company Chinalco's US$14 billion purchase of a Rio Tinto stake to have an immediate financial impact on Chalco. Chinalco's purchase is being entirely funded by bank debt. The financing terms are from five to 12 years, meaning incremental annual ...

  8. Record suggests mining stakes will face pitfalls

    Posted Feb 13th 2009, 12:00am by Tom Holland

    ... with Tom Holland You have to admire such dogged persistence. Yesterday Aluminum Corp of China (Chinalco), China's largest aluminium producer, agreed to buy up to 18 per cent ... mainland companies remain keen to buy up overseas assets, even though the performance of past acquisitions can hardly be described as successful. Chinalco's investment in Rio comes just a year ...

  9. Foreign takeovers drop 41pc in first half

    Posted Jul 28th 2009, 12:00am by Staff Reporter

    ... Corp of China (Chinalco) lost out on a bid to lift its stake in Rio Tinto Group last month, a deal worth more than US$19.5 billion. 'Chinalco's failed bid for Rio should be a separate ...

  10. Dumpling chain tests appetite for HK IPO

    Posted Jun 15th 2012, 12:00am

    ... according to a source close to the deal. Chinalco Mining, a unit of the world's third-biggest aluminium producer, Aluminium Corporation of China, is set to start a roadshow for its US$200 million listing. The listing of Chinalco and of Huadian Fuxin Energy, which has already secured enough cornerstone investors to support its US$391 million share sale, would be among the biggest ...




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