Chalco Gets Nod for RMB 10b Private Placement

Mar 17, 2010
Sectors:
Email to Friend

Aluminum Corporation of China's (Chalco) (NYSE:ACH, 2600.HK, 601600.SZ) has received Chinese regulatory approval to a non-public offering of A-shares, the company announced March 16. Chalco plans to raise up to RMB 10 billion to finance an 800,000-metric ton alumina project in Chongqing, the statement said.

Chalco has been negotiating with Australian steel giant Rio Tinto (NYSE:RTP, LON:RIO) to develop a joint iron ore project worth $12 billion in the Republic of Guinea and a $4.5 billion copper ore mine in Mongolia, Oriental Morning Post reported March 16 quoting Chalco Vice General Manager Lv Youqing.

Tags: 2600.hk, 601600.sz, ach, aluminum corporation of china, chalco, commodities, lv youqing, rio, rio tinto, rtp

Related Research
On the Ground: 51buy and WeChat to Drive Tencent’s E-Commerce Growth June 12, 2013
To assess Tencent’s progress in e-commerce across its various shopping and social platforms, Pacific Epoch spoke with industry professionals in mobile, e-commerce and e-commerce…
On the Ground: Weibo Page Offers Sina Multiple Avenues for Mobile Monetization June 06, 2013
Sina (Nasdaq:SINA) Weibo officially launched its Page product at the Global Mobile Internet Conference (GMIC) in Beijing in early May 2013. Pacific Epoch spoke with industry professionals…
ARPU Survey: Apr 2013 - Promo Shifts Lead to Declines June 05, 2013
Our survey of 60 gamers in eight major online games found ARPU fell in six of the titles in our monthly coverage, with the exception of Tencent's DNF and LoL.
On the Ground: Slow HTML5 Uptake Limits Cross-Platform Game Development June 05, 2013
Pacific Epoch surveys 100 third-party game developers to determine their views and expectations surrounding HTML5 as well as the rate of adoption for cross-platform games in China.
Dashboard: Tencent Apr 2013 – Q2 Trends Weigh on PCU June 04, 2013
In line with Q2 seasonal trends, our proprietary tracking found PCU in major revenue contributors CF and DNF fell in Apr; however, we anticipate strong rev performance in LoL and…
More China Research

Form submitted successfully. Thank you.

Email
Subject
Chalco Gets Nod for RMB 10b Private Placement
March 17, 2010: Aluminum Corporation of China's (Chalco) (NYSE:ACH, 2600.HK, 601600.SZ) has received Chinese regulatory approval to a non-public offering of A-shares, the company announced March 16. Chalco plans to raise up to RMB 10 billion to finance an 800,000-metric ton alumina project in Chongqing, the statement said. Chalco has been negotiating with Australian steel giant Rio Tinto (NYSE:RTP, LON:RIO) to develop a joint iron ore project worth $12 billion in the Republic of Guinea and a $4.5 billion copper…

Pacific Epoch Resources

Chalco Gets Nod for RMB 10b Private Placement

Related Research

Subscribe to Pacific Epoch