Aluminum Corporation of China

Rank#997

Market Cap24.55B

CountryChina

Summary

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, aluminum alloys, and carbon products in the People's Republic of China and internationally. The company operates through five segments: Alumina, Primary Aluminum, Trading, Energy, and Corporate and Other Operating. The Alumina segment mines for and purchases bauxite and other raw materials; refines bauxite into alumina; and produces and sells alumina, as well as refined alumina, gallium, and multi-form alumina bauxite. The Primary Aluminum segment procures alumina and other raw materials, supplemental materials, and electrical power; and produces and sells aluminum and aluminum-related products, such as carbon, aluminum alloy, and other electrolytic aluminum products. The Trading segment trades in alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products, and raw and supplemental materials; and provides logistics and transport services to external customers. The Energy segment mines for coal deposits; generates and sells electricity using thermal, wind, and solar power sources to regional power grid corporations; and manufactures power related equipment. The Corporate and Other Operating segment provides research and development services; and operates other aluminum-related business activities. The company also acquires, manufactures, and distributes bauxite mines and limestone ore; and provides engineering project management, as well as engages in import and export activities. Aluminum Corporation of China Limited was incorporated in 2001 and is headquartered in Beijing, the People's Republic of China.

History

Aluminum Corporation of China is a state-backed holding company established to be the primary aluminium producer in the People's Republic of China in 2001. It is the parent company of Aluminum Corporation of China Limited which is listed on the New York, Hong Kong and Shanghai stock exchanges.Effective from 10 June 2008, Chalco was added to the Hang Seng Index Constituent Stock .Chinalco is investing $3 billion 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.Chinalco holds a 9% stake in the Anglo-Australian mining company Rio Tinto. Rio Tinto controls large Iron ore reserves in Australia. On June 5, Rio Tinto broke a deal for Chinalco to purchase a larger stake in the company, with support by rival Anglo-Australian mining company BHP. Rio Tinto is expected to pay a US$195 million breaking fee according to the contract signed earlier by the two parties.In 2010, Chinalco reported a net profit of ¥778.01 million, a dramatic rise when compared with the company's ¥4.62 billion losses from the previous year. The company credits increased prices and effective cost control strategies with the financial turnaround.During July 2011, Chinalco signed a long-term agreement with Mongolian miner Tavan Tolgoi to import more than 15 million tons of coking coal annually to meet increased domestic demand.

Mission

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Vision

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References

https://en.wikipedia.org/wiki/Aluminum_Corporation_of_China_Limited

https://in.investing.com/equities/aluminium-corp

https://finance.yahoo.com/quote/2600.HK/profile?p=2600.HK

https://www.crunchbase.com/organization/chalco

https://companiesmarketcap.com/

https://www.chalco.com.cn

Leadership team