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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Coal miner SouthGobi Resources (1878) saw its shares plunge after the Mongolian government suspended its licenses, sparking fears the move may scupper a takeover bid by the Aluminium Corp of China (2600), or Chalco. Earlier this month, state-run Chalco agreed to pay US$926 million (HK$7.22 billion)...
Canadian coal miner SouthGobi Resources Ltd’s Hong Kong shares plunged on Tuesday on concerns the Mongolian government may scupper a bid by top Chinese aluminium maker Chalco to buy a controlling stake in it. Earlier this month, state-run Aluminium Corp of China Ltd, known as Chalco, agreed to pay...
Jiaozuo Wanfang Aluminum Manufacturing and the Aluminum Corporation of China (Chalco) are to spend RMB2.85bn ($452,5M) on a coal/electricity aluminium smelter in Xinjiang Province’s Shanshan County. The money will be used by Chalco subsidiary Xinjiang Aluminum & Power Corp, which was set up in the...
China's aluminum producer Chalco has agreed to buy Ivanhoe Mining Ltd's controlling stake in Mongolian-focused coal miner SouthGobi Resources for $926 million, as the Chinese state company diversifies into other resources in the face of tough aluminium market. Aluminium Corp of China Ltd (Chalco)...
Aluminum Corp. of China Ltd., known as Chalco, said Monday it has proposed to acquire up to 60% of coal miner SouthGobi Resources Ltd. in a deal valued at up to 7.2 billion Hong Kong dollars (US$927 million). Chalco, the world's second-largest alumina producer after Alcoa Inc., said in a statement...
Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, surged by its daily limit in Shanghai after reports the government will boost investments in the stock market and regulate rare-earth output. Aluminum Corp., known as Chalco, advanced 10 percent, the most since Jan. 17, to...
Aluminum Corp. of China Ltd. (CHALCO) released 2011 earnings report on March 17. According to the report, China’s primary aluminum output was about 19.45 million mt in 2011, up 24.3% YoY, while China’s primary aluminum consumption was about 19.50 million mt, up 15.4% YoY, with output growth faster...
Aluminum Corp. of China Ltd. (CHALCO) released 2011 earnings report on March 17. According to the report, China’s alumina output was about 38.81 million mt in 2011, up 24.4% YoY, while aluminum demand was about 39.04 million mt, up 10.5% YoY. China’s alumina imports were 1.88 million mt in 2011,...
Jiaozuo Wanfang Aluminum Manufacturing (000612), together with Aluminum Corporation of China (Chalco) (601600,2600.HK), will jointly inject 2.85 billion yuan into Chalco Xinjiang for the latter's coal-fired electricity aluminum integrated project, reports Oriental Morning Post, citing a company...
Aluminum Corp. of China 2011 net falls 69.4% to CNY237.97 million --Revenue up 20.6% at CNY145.87 billion --Company says profit fell due to higher financing costs, debt burden, and higher fuel and raw-material costs (Adds background beginning in the fifth paragraph.) SHANGHAI (Dow Jones)--Aluminum...
Aluminum Corp of China Ltd (Chalco) reported a bigger than expected fourth-quarter net loss of 729.6 million yuan ($115.3 million) on Friday, showing the impact of lower metal prices and higher costs, and warned of losses in the first quarter of 2012. Chalco, the country's top aluminium maker, had...
Aluminum Corp. of China Ltd. plans to raise up to CNY8 billion ($1.25 billion) in a private placement of shares to fund alumina projects and supplement working capital, it said last Thursday. The company plans to place up to 1.25 billion yuan-denominated shares with up to 10 institutional investors...
Aluminum Corporation of China Ltd (Chalco) , the country's largest aluminium producer, plans to issue new shares to raise up to 8 billion yuan ($1.3 billion) to fund development and expansion projects. Chalco will apply to the China Securities Regulatory Commission (CSRC) within six months for the...
Aluminum Corp. of China Ltd. (2600.HK) plans to raise up to CNY8 billion ($1.25 billion) in a private placement of shares to fund alumina projects and supplement working capital, it said late Thursday. The company, known as Chalco, plans to place up to 1.25 billion yuan-denominated shares with up...
Vietnam National Coal-Mineral Industries Group, the state-owned mining company, is in talks with partners Aluminum Corp. of China Ltd. and Marubeni Corp. for sales from the country’s first alumina project. Vinacomin, as the company is known, will begin production at its alumina plant in Tan Rai of...
Research and Markets has announced the addition of the "Aluminum Industry in China" report to their offering. The aluminum industry in China expanded by 66.8% last year, making China the largest single producer and consumer of aluminum in the world. It is expected that China will produce about 17...
Morgan Stanley recently joined CICC and UBS to arrange the proposed Hong Kong IPO of China Aluminum International Engineering. The company, an infrastructure engineering and technology unit of Aluminum Corporation of China, will raise about US$500m in March or April. Aluminum Corporation of China...
Chinalco, the parent of Aluminum Corporation of China, also known as Chalco (2600), plans to list its engineering unit in Hong Kong. China Aluminum International Engineering Corporation aims to raise up to HK$3.9 billion in March or April. It is mainly involved in infrastructure construction and...
