BIZCHINA> Backgrounder
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About Chinalco
Updated: 2009-06-30 18:12 Aluminum Corporation of China Limited, also known as Chalco or Chinalco (SEHK: 2600, NYSE: ACH,SSE: 601600), is the only producer of alumina and the largest producer of primary aluminum in the People's Republic of China.Chalco is a member of the SSE 50. With effect from 10 June 2008, Chalco was added to the Hang Seng Index Constituent Stock (blue chip). Chinalco is investing $3bn 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. The recent breakdown of the Chinalco-Rio deal has caused a series of speculation regarding the motivation of the Australian Government.
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