• Thu
  • Sep 18, 2014
  • Updated: 7:41am

Chalco

 

Aluminum Corporation of China Ltd (Chalco) is China’s largest alumina and primary aluminum producer and the world’s second largest alumina producer.

 

Chalco vice-chairman Sun Zhaoxue resigns amid graft probe

Aluminum Corp of China (Chalco), the country's largest smelter of the lightweight industrial metal, said its non-executive director and vice-chairman, Sun Zhaoxue, has resigned after the mainland's anti-graft watchdog said he has been detained to assist its investigation.

Wednesday, 17 September, 2014, 5:39am

Chalco shares take a beating on poor results

Shares of Aluminum Corp of China, the country’s largest producer of the metal, fell 4.1 per cent to HK$3.31 on Friday morning after it posted a worse-than-expected 4.12 billion yuan net loss for the first half of the year.

29 Aug 2014 - 12:48pm

Chalco warns of change in competitive landscape after return to the black

Aluminum Corp of China (Chalco) posted a net profit of 975.2 million yuan (HK$1.2 billion) for last year, reversing an 8.2 billion yuan loss the previous year, mainly due to asset disposals.

The firm also cautioned that smelters in the central and eastern regions of the mainland might be squeezed out of the market by more competitive plants in western areas.

19 Mar 2014 - 1:25am

Probe of Chalco executive signals more reckoning for China's SOEs

A series of investigations involving executives of major state-owned enterprises underscores Beijing's seriousness in cracking down on corruption and tackling vested interests.

27 Nov 2013 - 3:17am 1 comment

Chalco executive latest to face Beijing investigations

A senior manager of Aluminum Corp of China (Chalco), the country's largest smelter of the lightweight metal, has become the latest in a series of high-level executives at central government-administered enterprises to be investigated by Beijing.

20 Nov 2013 - 4:38pm

Aluminium faces tough future, warns Chalco

Aluminium Corp of China (Chalco), the nation's largest smelter of the lightweight industrial metal, warned of more tough times for the industry as it said its interim net loss narrowed, largely on the back of one-off gains and government subsidies.

31 Aug 2013 - 3:21am

Chalco to benefit from aluminium capacity cut

Investor Mark Mobius said Aluminum Corp of China is a "good long-term bet" as one of the few producers of the metal set to benefit from the government's plans to reduce overcapacity.

31 Jul 2013 - 4:43am

China’s Chalco to close 380,000 tonnes of aluminium capacity

Chalco, China’s top producer of aluminium, joined other companies on Wednesday in cutting capacity to help trim a market surplus after it suffered losses due to weak prices.

The Aluminum Corp of China said in a statement it would temporarily close 380,000 tonnes of annual capacity due to market conditions.

29 Aug 2013 - 4:13am

Sundance to conclude iron ore partnership talks by June

Australia’s Sundance Resources will conclude discussions with potential partners on its US$4.7 billion (HK$36.5 billion) Africa iron ore project by June and announce a chosen partner three months later, the firm’s chief operations officer told Reuters.

31 May 2013 - 12:48pm

Falling aluminium prices send Chalco into the red

Aluminum Corporation of China (Chalco) posted its worst results since going public in 2001, chalking up a net loss of 8.23 billion yuan (HK$10.18 billion) for last year.

28 Mar 2013 - 6:31am

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