Aluminum Corp of China Ltd (2600.HK)
21 Jul 2017
* Bonds: First issues take shape even before trading link goes live
HONG KONG (Reuters Breakingviews) - Rio Tinto prefers Chinese money today to Swiss cash tomorrow. Late on Tuesday, the Anglo-Australian miner's board opted for an upgraded $2.45 billion bid from Yancoal, instead of taking $100 million more from Glencore. Concerns about Chinese regulators must have played a role. The Swiss trader might need to come up with lots more money to stay in the game.
CONAKRY Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.
CONAKRY Guinea will not accept any major changes to the terms of the Simandou iron ore project that Chinalco bought from Rio Tinto, including building a 650-km railway rather than taking a shorter route via its neighbors, the mines minister said on Wednesday.
SINGAPORE, March 23 Aluminum Corporation of China Ltd's (Chalco) net profit more than doubled in 2016, marking a second straight year of profitability thanks to recovering non-ferrous metal prices and cuts in production costs.