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BIZCHINA> Backgrounder
About Chinalco

Updated: 2009-06-30 18:12

Aluminum Corporation of China Limited, also known as Chalco or Chinalco (SEHK: 2600, NYSE: ACH,SSE: 601600), is the only producer of alumina and the largest producer of primary aluminum in the People's Republic of China.Chalco is a member of the SSE 50.

With effect from 10 June 2008, Chalco was added to the Hang Seng Index Constituent Stock (blue chip).

Chinalco is investing $3bn to begin open-cast mining operations, within three to four years, in Morococha District, Peru. The company plans to extract copper ore from Mount Toromocho.

The recent breakdown of the Chinalco-Rio deal has caused a series of speculation regarding the motivation of the Australian Government.

Type Public (SEHK: 2600, NYSE: ACH)
Headquarters Beijing, People's Republic of China
Key people Xiong Weiping (CEO and Chairman)
Industry Aluminum
Products Aluminum products,copper,other nonferrous metals
 Revenue  76.7 billion yuan ($11.23 billion) (2008)
 Net profits  9 million yuan ($1.32 million)
Employees 86,200 (2006)
Website chalco.com.cn

(Source:Wikipedia)
(For more biz stories, please visit Industries)

 

 

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