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Aluminum Corp Of China Says Co & Yunnan Aluminum Entered Shares Subscription Agreement
Aluminum Corp Of China's 9-Mth Net Profit Down 44.7% Y/Y
Chalco Posts H1 Net Profit Down 14.1% Y/Y
Aluminum Corporation of China Limited (Chalco) is an aluminum producer with operations in bauxite and coal mining, alumina refining and primary aluminum smelting. The Company operates through alumina segment, including the mining and purchasing of bauxite and other raw materials, and production and sale of alumina, as well as alumina-related products; primary aluminum segment includes the procurement of alumina, other raw materials, supplemental materials and electricity power, the production and sale of primary aluminum and aluminum-related products; trading segment is engaged in the trading of alumina, primary aluminum, other non-ferrous metal products, and crude fuels; energy segment includes coal mining and power generation, including conventional coal-fire power generation and renewable energy generation, such as wind power and photovoltaic power, and corporate and other operating segment includes corporate and other aluminum-related research, development, and other activities.
Xizhimen North Avenue, Haidian District
Chairman of the Board
President, Executive Director
Chief Financial Officer, Secretary of the Board
Senior Vice President, Executive Director
Vice President, Executive Director
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Aluminum Corp of China Ltd posted a sharp fall in both aluminium output and sales in the third quarter, data released on Wednesday showed, after the company earlier reported a slump in quarterly profit.
Chinese aluminum giant Chalco's <601600.SS> <2600.HK> production of the metal fell more than 8% in first-half 2019 from the same period a year earlier, data showed on Wednesday, highlighting the impact of low prices on Chinese smelters.
* Jan-June net profit down 14.1% y/y at 705.8 mln yuan - statement
* Company posts Q1 net income of 444.9 mln yuan, up 46 pct y/y
Aluminum Corp of China Ltd , known as Chalco, said on Monday its profits rose 46 percent year-on-year in the first quarter as aluminium prices stabilised and asset disposals swelled its bottom line.
* Output rise comes despite capacity closures, price slump (Adds comments, Chalco's results)
Aluminum Corp of China Ltd, known as Chalco, posted its first quarterly loss in more than three years on Thursday and said annual net profits fell last year due to low aluminium prices and slack domestic demand.
Aluminum Corp of China Ltd , known as Chalco, said on Thursday its chairman Yu Dehui had resigned and been replaced by the company's president, Lu Dongliang.
Aluminum Corp of China Ltd , known as Chalco, said on Wednesday it had proposed selling 190,000 tonnes of annual aluminium smelting capacity to a Yunnan-based unit of its parent, Chinalco, for 950 million yuan ($141 million).
* Company has closed 850kt of capacity since 2018 - consultancy
China's exports of alumina last month were roughly equal to September's bumper volumes, the president of Aluminum Corp of China Ltd , said on Wednesday.
Global miner Rio Tinto's <RIO.AX><RIO.L> outline deal to sell its stake in the Simandou iron ore project in Guinea has lapsed after years of negotiations failed to produce an agreement with Aluminum Corp of China (Chinalco)<601600.SS>.
* Company is listed arm of China's top state aluminium producer
Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached.
State-owned Aluminum Corp of China, or Chinalco, said on Monday it told its rare earth unit in southern China's Guangxi region to suspend operations after inspectors found the company breached environmental rules.
Aluminum Corp of China Ltd said on Thursday it would buy back stakes in four subsidiaries barely one month after selling them to a group of outside investors for a combined 12.6 billion yuan ($1.94 billion).
Aluminum Corp of China Ltd <6001600.SS> <2600.HK> on Wednesday said it had agreed a debt financing plan, worth up to 10 billion yuan ($1.53 billion), with China Pacific Insurance Group Co <601601.SS> to help fund construction of key projects.
Aluminum Corp of China Limited (Chalco) said on Thursday its six-month net profit rose more than tenfold year-on-year as it cashed in sky-high aluminum prices.
Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.
Guinea will not accept any major changes to the terms of the Simandou iron ore project that Chinalco bought from Rio Tinto, including building a 650-km railway rather than taking a shorter route via its neighbours, the mines minister said on Wednesday.
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