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China's Chalco flags net loss in 2012 on weak demand, high costs
January 29, 2013 / 9:21 AM / 5 years ago

China's Chalco flags net loss in 2012 on weak demand, high costs

SHANGHAI, Jan 29 (Reuters) - Aluminum Corp of China Ltd (Chalco) , the country’s top aluminium maker, said on Tuesday it will post a big loss in 2012 due to low aluminium prices and rising costs.

The firm said it will take active measures to cut costs in 2013 and expects the start-up of new coal mines to help boost revenue this year.

Reporting by Fayen Wong and Samuel Shen; Editing by Jacqueline Wong

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