Chalco

Chalco to Invest in US$500 Million Bauxite Project in Guinea

Chalco to Invest in US$500 Million Bauxite Project in Guinea

The government of the Republic of Guinea announced earlier this week that the People’s Republic of China’s Aluminum Corporation of China Limited (Chalco) will be investing US$500 million in a bauxite ore project in the country. The Guinean government secured the deal...

Events

Massive Debt Forces Chinese Firm to Idle Smelter, Refinery in Shandong

According to Aladdiny, a Chinese information provider, Shandong Qixing Group Co., Ltd. suspended operations of its 130-thousand-metric-ton-per-annum aluminium smelter and is planning to stop production at its 500-thousand-metric-ton-per-annum alumina refinery due to the firm’s substantial debt burden. The report went on to say that the company might consider re-starting production in six months should the […]

Chalco to Privatize Chinalco Mining Corporation

Days after a similar announcement by China Xingfa, state-owned Aluminium Corporation of China (Chalco) filed plans with the Hong Kong Stock Exchange proposing to privatize its subsidiary Chinalco Mining Corporation International (CMC). Chalco is offering HK$1.39 per share, which is roughly one third above the stock’s recent price. The firm suspended trading on September 15, […]

Chalco Turns In Second Straight Profitable Quarter

State-owned Aluminum Corporation of China Ltd (Chalco) reported its second consecutive profitable quarter today, buoyed by a rise in domestic prices for primary aluminium. Chalco turned in a net profit of CN¥19.2 million (US$2.97 million) for the first quarter, which is down from a profit of CN¥48 million (US$7.74 million) in the first quarter of […]

Indonesia’s Inalum and Antam to Partner with Chalco on Alumina Plant

PT Indonesia Asahan Alumunium (Inalum) and PT Aneka Tambang (Antam) Tbk have signed a joint venture agreement (JVA) forming a joint venture to build a grade smelter alumina refinery (SGAR) plant in conjunction with Aluminium Corporation of China (Chalco). The new plant is to be named PT Inalum Antam Alumina (IAA). According to reports, the […]