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Chalco Posts H1 Net Profit Down 14.1% Y/Y
Aluminum Corp Of China Updates On Shareholding Increase By Controlling Shareholder In Co
Ning Xia Yin Xing Energy To Buy Stake In Energy Firm From Aluminum Corp Of China
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 Street, Haidian District
Chairman of the Board, Executive Director
President, Executive Director
Chief Financial Officer, Secretary of the Board
Senior Vice President, Executive Director
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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
Aluminum Corp of China Ltd, known as Chalco, will only increase alumina imports if prices are low enough, an executive from the company's trading unit said on Tuesday, even as shortages loom in northern China.
* 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.
China's Chalco said on Friday it boosted annual aluminum output by 16 percent in 2018, putting it ahead of Russia's Rusal as the world's second-biggest publicly traded producer of the metal.
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
Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminum production lines in northern China, it said on Friday, as Chinese aluminum prices sank to a fresh two-year low.
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 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).
* Company is listed arm of China's top state aluminium producer
Guinea is in constant talks with Rio Tinto and Chinalco to finalize a deal on selling two blocks of the vast Simandou iron ore project, its mining minister said, 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.
China's state-owned Chinalco is set to close the gap on privately run China Hongqiao Group, the world's top aluminum producer, after sealing a deal with the Yunnan government that gives it access to more smelting capacity.
Consumption of aluminum in China, the world's top user, will increase by 7-9 percent this year and next, an executive at Aluminum Corp of China Ltd (Chalco) said on Tuesday.
China's aluminum production rebounded in December to its highest since June, reversing five months of declines, as state-owned Chinalco launched new capacity even as Beijing curbed its private rivals, lifting 2017 output to a record.
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).
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