Chinalco

Chalco to Ship Up To 50,000 Tonnes of Alumina Overseas By Month’s End: Lu Dongliang

Chalco to Ship Up To 50,000 Tonnes of Alumina Overseas By Month’s End: Lu Dongliang

A rise in alumina prices over the past several months thanks to United States sanctions of Rusal and outages at Alunorte has prompted Aluminum Corp of China Ltd (Chalco) to take the unusual step of selling the aluminium precursor to buyers abroad....

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Events

Chinalco Cuts Alumina-Refining Capacity by 2 Million Metric Tons Through March

Chinalco Cuts Alumina-Refining Capacity by 2 Million Metric Tons Through March

State-run aluminium and alumina mammoth Aluminum Corporation of China (Chinalco) is the next major aluminium producer to fall in line with its country’s mandated production cuts. Representatives of the firm announced Wednesday that it will be cutting its alumina-refining capacity by 2 million metric tons through next March in order to comply with Beijing’s campaign […]

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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 after a visit to Beijing by Guinea’s mines minister Abdoulaye Magassouba. It is […]

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Chalco to Privatize Chinalco Mining Corporation

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, […]

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Rio Tinto Considers Partnering with Chinese Firm at Amrun Bauxite Mine

Rio Tinto Considers Partnering with Chinese Firm at Amrun Bauxite Mine

Mining giant Rio Tinto is considering bringing aboard a partner from the People’s Republic of China to help fund the US$1.9 billion bauxite operation at Amrun, Australia. Industry experts believe the Chinese firm that will be brought in is the state-owned firm Chinalco, as they hold a 9.9% interest in Rio. Commentators find a Chinese […]

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