Shares of Aluminum Corporation of China (Chalco) rallied during the latest trading session after investors responded positively to plans by its parent company to increase its shareholding, alongside improving aluminium market fundamentals. The company's Hong Kong-listed shares gained 6.28 per cent...
Shares of Aluminum Corporation of China (Chalco) rose on Monday after its controlling shareholder, Aluminum Corporation of China (Chinalco), announced plans to increase its stake in the state-owned aluminium producer by up to USD 300 million (CNY 2 billion), reflecting confidence in the company's...
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Aluminum Corp of China Ltd, the country's top aluminium maker, posted a worse-than-expected net loss of 8.2 billion yuan ($1.3 billion) for 2012 on Wednesday, as it faced low aluminium prices and rising costs. Chalco had warned of a full-year loss in January in a statement to the Shanghai Stock...
Aluminum Corp. of China Ltd., the nation’s biggest producer, reported a wider second-half loss because of falling prices and higher costs for alumina, which is used to produce the lightweight metal. The net loss was 4.98 billion yuan ($801 million) in the six months ended Dec. 31, from a loss of...
The Ministry of Land and Resources announced on March 18 that Chalco Mining has obtained exploration rights for Yushan bauxite in Henan’s Xin’an County at a cost of RMB 924,900. The Henan Institute of Geological Survey announced discovery of 23.58 million mt of proven bauxite in Yushan, Xin’an...
China’s state reserves manager signed agreements today with six smelters to buy 300,000 metric tons of aluminum at 15,137 yuan ($2,434) a ton in a bid to bolster local prices. The State Bureau of Material Reserve will pay about 4 percent more than the spot price for the metal to be delivered in...
As the key enterprise in Chinese aluminium industry, Chalco took the responsibility of prospering Chinese aluminium industry, leading Chinese nonferrous metals business to a sustained, healthy and rapid development path and taking an active part in international competes when it was first...
China's biggest aluminium-maker will revive its controversial bid for rich bauxite deposits on Cape York Peninsula, pitching it against mining giant Rio Tinto and five other contenders. Chalco has moved after Queensland's Liberal National Party government dropped a condition the successful...
At present,aluminum industry focus on the current situation of excess capacity,how it forms and how to solve it. As reported,two enterprises with first-class equipment,advanced management and serious cost control saw a loss of more than 0.3billion yuan of major works in 2012,which was learned about...
Aluminum Corporation of China Ltd (Chalco) confirms lower alumina production by 1.7 million tons following Indonesian bauxite export ban. “As the downturn of the aluminum market continued, the prices of aluminum decreased by 7% as compared with the corresponding period of the preceeding uear. The...
The Aluminium Corporation of China (aka Chalco) is preparing the industry for very bad news in the shape of a 'dramatic' loss for 2012. The Chinese aluminium giant is not having a good time of it, thanks largely to depressed aluminium prices, quality issues surrounding domestic bauxite and lower...
The Aluminum Corporation of China (Chalco) Wednesday predicted huge losses for 2012 due to the sluggish domestic aluminum market, but projected that its coal projects in China and abroad will bring profits in 2013. In 2012, the price of aluminum dropped by some 7 percent year-on-year. Chalco also...
In order to widen market, Chalco Shandong Branch adjusted products structure based on market demand. It got successful breakthrough. Recently, it gained first orders from some buyers from Germany. It is reported that the Germany purchaser mainly ordered processed aluminum body materials. Demand of...
Aluminum Corp. of China Ltd., the country’s biggest producer, is seeking to tap bauxite resources and build processing plants abroad after Indonesia, the largest supplier to China, curbed exports. The company plans to build an alumina facility with a capacity of 1 million metric tons a year in...
Chinese state-owned aluminum firm Chalco saw strong trading in Hong Kong on Wednesday on the back of news that the Chinese government has begun to purchase material assets. While some Chinese equities like Baidu ( BIDU , quote ) have outperformed the general market over the past few years,...
Mongolia-focused coal miner SouthGobi Resources on Monday said its CFO Matthew O'Kane had resigned, two months after it fired its CEO following Aluminium Corp of China (Chalco) dropping a $926-million bid and the company’s stock taking a beating since its mining licences were suspended in April....
Aluminum Corp of China Ltd (Chalco) is still open to buying into Mongolia's Oyu Tolgoi copper project from Turquoise Hill Resources Ltd (formerly known as Ivanhoe Mines), just two months after it backed out from the deal due to opposition from the Mongolian government. "If Rio Tinto and its...
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, posted its fourth straight quarterly net loss in the third quarter, hurt by low aluminium prices and rising costs. Slower economic growth in China, the world's largest producer and consumer of the lightweight metal, and...
China's biggest aluminium producer, Aluminium Corp of China (Chalco) yesterday said that it will abandon plans to buy a 29.9-per cent stake in Mongolian coal exporter Winsway Coking Coal as it would not be able to get approvals from Chinese and overseas regulators by the 30 September deadline. This...
The rating on Aluminum Corp. of China Ltd. (Chalco), a China-based aluminum producer, reflects the company's important role and very strong linkage to the government of China. In addition, Chalco has a leading position in the Chinese aluminum market and access to the country's rapidly growing...
