Aluminum Corporation of China Ltd (CHALCO), the largest subsidiary company of Chinalco, was dually listed in New York and Hong Kong Stock Exchange in December 2001 and honorably listed as the best corporate management and best investor relations in Asia. CHALCO is the largest producer of both alumina and aluminum in China.
The Aluminum Corporation of China (CHINALCO) is an investment management organization and transnational enterprise incorporated with the authorization of the state government in 2001. It is a leading enterprise in the non-ferrous metals industry in the world, mainly engaging in the prospecting, engineering, procurement and construction of projects in the development of mineral resources and the research and development, production and international trade for mineral products, finished products and downstream fabrication products of non-ferrous metals.
Chinalco overseas development involves mineral resources of aluminum, copper, molybdenum, lead and zinc in the non-ferrous metals industry. The company is sincerely willing to exchange and cooperate with producers and suppliers from home and abroad to create business opportunities and develop jointly in all directions, wide range and multiple forms under the development policy of faithful cooperation and mutual benefit.
Chinalco entered Fortune magazine's latest list of the world's top 500 companies, based on sales revenue generated in 2007.
Chinalco ranked 476th in the list with sales revenue of RMB 120.24 billion (US$17.58 billion) in 2007, up 36 percent on an annual basis. Its net profit rose 14 percent year-on-year to reach RMB 7.46 billion (US$1.09 billion) for the year.
Chinalco greatly enhanced its global presence through a joint acquisition with Alcoa of an approximately 12 percent stake in Australian miner Rio Tinto's London-listed subsidiary for a consideration of RMB 96.1 billion (US$14.05 billion) in January 2008. Chinalco's dual Shanghai and Hong Kong-listed subsidiary, the Aluminum Corporation of China Co. Ltd. (Chalco), produced 9.57 million tons of alumina and 2.8 million tons of primary aluminum in 2007.
About CHINA MINING Congress & Expo 2008
CHINA MINING Congress & Expo 2008, hosted by Ministry of Land & Resources P.R.C, will be held at Beijing International Convention Center on November 11-13, 2008. As the Asia's premier mining congress & expo and the biggest Asian platform for mining exploration and exploitation, the event provides an important channel for communication and exchanging information among global mining enterprises, while building relationships and creating valuable networking opportunities.
After a very successful event last year, CHINA MINING Congress & Expo is now approaching its 10th anniversary. More than 3000 registered delegates, 300 exhibitors and 30 sponsors from 45 countries and regions participated in last year's CHINA MINING Congress & Expo. With a larger exhibition space and more conference streams we are expecting even more attendees of the world wide mining community to celebrate the 10th anniversary of CHINA MINING Congress & Expo in this year.
CHINA MINING Congress & Expo 2008 consists of three parts - conferences, exhibitions and featured events.
For more details, please refer to www.china-mining.com or www.mining-expo.com.
Rio Tinto Limited
Aluminum Corporation of China Limited(CHALCO)