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 Corporation of China Limited (Chalco) said on Monday it estimates profits for 2011 will decrease over 50 percent from the year earlier, in an announcement to the Hong Kong Stock Exchange. Chalco said major reasons for the fall in profits were a sharp drop in the price of aluminum in the...
Aluminum Corp of China Ltd.’s $300 million loan received a $30 million commitment from Dah Sing Bank Ltd., according to a person familiar with the matter, who asked not to be identified because the details are private. Australia & New Zealand Banking Group Ltd. has been marketing the loan to banks...
Aluminum Corp of China Ltd. (2600)’s $300 million loan received a $30 million commitment from Dah Sing Bank Ltd., according to a person familiar with the matter, who asked not to be identified because the details are private. Australia & New Zealand Banking Group Ltd. has been marketing the loan to...
Chinese aluminium smelters will reduce term imports of alumina even further in 2012 from last year's lower volumes due to cheaper supplies of the raw material at home, industry sources said on Wednesday. Top domestic alumina producer, Aluminum Corp of China Limited (Chalco) , has agreed to supply...
Chinese equities listed in the U.S. declined for a second day as fresh concern that Europe’s debt crisis will derail global growth further dimmed the outlook for corporate profits in the Asian nation. The Bloomberg China-US 55 Index slumped 0.8 percent to 94.70 as trading closed in New York,...
Australia & New Zealand Banking Group Ltd. plans to sell another $90 million of a $300 million loan for Aluminum Corp of China Ltd. to banks after funding the majority of the facility, a person familiar with the matter said. About three banks are expected to buy the debt from ANZ in January, said...
SinoCast Daily Business Beat via Comtex reported that Aluminum Corporation of China Ltd intended to adjust equity structure of Shanxi Jiexiu Xinyugou Coal Corp and its holding subsidiaries. According to the announcement, the company will increase its investment from original CNY 537 million to CNY...
Aluminum Corp. of China Ltd.’s cut of alumina prices may reduce its profit by about 300 million yuan ($47 million) a year, BOCOM International Holdings Co. said. The nation’s biggest producer of aluminum, also known as Chalco, set its alumina price at 2,800 yuan per metric ton, according to a...
Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, turned to profit in the third quarter after metal prices increased. The Beijing-based company, known as Chalco, posted net income of 555 million yuan ($87 million), compared with a net loss of 117.8 million yuan a year...
Aluminum Corp. of China Ltd., the country’s biggest producer of the metal, said some of its units may face “tough” cash-flow situations as prices continue to plummet, President Luo Jianchuan said. Prices have fallen close to production costs while China’s tightening monetary policies make financing...
Chalco Liancheng Aluminum Co. announced it is putting its newly-constructed 500 KA pre-baked aluminium reduction pots into production as part of its expansion project.To date the company has put 65% of the newly-built reduction pots into production and completed the commissioning of its second...
Chalco Liancheng Branch was named “energy-saving advanced enterprise” by Gansu government and was awarded 120,000RMB. During the period of “Eleventh Five-Year Plan”, Chalco Liancheng Branch seriously implemented China’s energy saving and emission reduction policies. In order to establish ecological...
Chalco, or Aluminum Corp of China Ltd, the nation's largest aluminum producer, announced that it will issue RMB 5 billion in medium-term bills with a maturity of five years on the inter-bank market on Sep. 8, 2011, sources reported. The company said in a statement that the coupon rate will be...
China's Aluminium Corp of China (Chalco) said on Thursday its Hong Kong subsidiary will issue up to $1.2 billion in bonds with maturity of up to 10 years at an appropriate time to support investments overseas. In addition, its trading unit, Chalco Trading Hong Kong Co, will apply for...
Aluminum Corporation Of China’s (Chalco) (601600,2600.HK) private placement was approved by the China Securities Regulatory Commission in April 2010, reports Yicai.com, citing a company filing. Chalco previously planned to raise up to 10 billion yuan by issuing no more than one billion A shares at...
PetroChina and Aluminum Corporation of China Limited (CHALCO) signed Phase-? strategic cooperation agreement for purchase and sale of petroleum coke in Beijing. According to the agreement, PetroChina will supply CHALCO with petroleum coke and related services of high standard and quality. CNPC Vice...
PetroChina and Aluminum Corporation of China Limited (CHALCO) signed Phase-? strategic cooperation agreement for purchase and sale of petroleum coke in Beijing. According to the agreement, PetroChina will supply CHALCO with petroleum coke and related services of high standard and quality. CNPC Vice...
Aluminum Corporation Of China Limited (NYSE:ACH): Down 1.87% to $18.92. Aluminum Corporation of China Limited, also known as Chalco, is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts aluminato to produce primary aluminum.
