chinalco news
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Chinalco to offload $1.3b in assets after heavy losses
Shanghai :: China | 15 days ago
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The assets being sold are held by nine subsidiaries, including producers in the Southwest and Northwest China, eight of which registered considerable losses in the past year. In 2012 Chinalco posted a total loss of 8.23 billion yuan, a record low
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Rio halts automated train program in WA
London :: United Kingdom | 2 months ago
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Shareholders determined to block Rio's planned $US19.5-billion ($A29.7 billion) deal with the Chinese state-owned metals group have offered to back a rights issue if it would encourage a new bid from BHP, Britain's The Sunday Telegraph reported. "We
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Nipping monopoly activities in the bud
Shanghai :: China | 5 months ago
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The penal action against Samsung and LG, and four Taiwan companies, earlier this month for manipulating the prices of LCD panels on the Chinese mainland sent another signal to multinational companies to abide by China's Anti-Monopoly Law.
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Hundreds in Peru Balk at Relocating From Copper Mine Site
Morococha :: Peru | 5 months ago
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Hundreds in Peru Balk at Relocation From Site of Mine Oscar Durand for The New York Times The run-down village of Morococha, which is slated to be razed to build a copper mine. Peru High among barren peaks, a Chinese mining company has built the
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Chinese mining firm to raze Peruvian peak for 35 years of mineral wealth
Lima :: Peru | 5 months ago
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Dan Collyns They call the mountain Toromocho, which means "bull without horns". But to its new, Chinese owners, the name is irrelevant: the rugged peak is packed with copper, silver and molybdenum, an element used in alloys...The nearby ramshackle
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Rio Tinto taps feng shui for good fortune in China
Beijing :: China | 6 months ago
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Since the fallout from 2009, the company has improved its position substantially, said Tim Schroeders, who helps manage $US1 billion at Pengana Capital in Melbourne, including Rio shares. He credited Rio's efforts without commenting on any potential
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Chinalco extends bid for Mongolian coal miner
Ulaanbaatar :: Mongolia | 7 months ago
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Chinalco, the country's largest alumina producer, has placed a bid at C$8.48 ($8.35) per share, for 30 days, according to the statement. Chinalco signed a lock-up agreement with Canadian international mining company Ivanhoe Mines, the largest
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Occidental tourists make China pitch
Beijing :: China | 8 months ago
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With the event closed to media so the publicity-shy Chinese investors could ask questions and express their opinions freely, the first burning question after the Premier's pitch, according to sources who attended the meeting, was simple. Does
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Chinalco to issue new shares
Shanghai :: China | 9 months ago
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The Aluminum Corp of China Ltd, or Chinalco, plans to issue new shares through a private placement as a means of replenishing its cash reserves. In a statement to the Shanghai Stock Exchange, the country's biggest aluminum maker said it plans to
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Mining fears of Chinese invasion
Hong Kong :: China | 9 months ago
Credibility
The review board's chairman, Brian Wilson, has also weighed in, saying Australian businesses, however they are owned, should be run on a purely commercial basis and ''not as an extension of the policy, political or economic agenda of a foreign
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