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Xiao on assets injection into Chalco from parent company |
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Written by Administrator
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Monday, 17 September 2007 |
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BEIJING, Sept. 13 (InfoChina) – On market expectation that copper assets may be injected into the Aluminum Corp of China (Chalco) (ACH: NYSE, 2600: HK, 601600: SH) from its parent company Chinalco, Xiao Yaqing, chairman of Chalco, said it will not be considered till Chinalco completes two major tasks and the related profit-making potentials are fully tapped. |
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Goldman Sachs: alumina price cut to have little effect on Chalco |
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Written by Administrator
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Monday, 17 September 2007 |
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BEIJING, Sept. 13 (InfoChina) – Goldman Sachs said in a report released Thursday that the alumina price cut by Aluminum Corp of China (Chalco, ACH: NYSE, 2600: HK, 601600: SH) to 3500 yuan/ton from 3900 yuan/ton is within its estimation and will affect the company’s 2007 profit only by 0.6 percent as spot alumina sales to third parties accounts for only 10 percent of the company’s total output. |
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Chalco said to cut alumina spot price to 3500 RMB/T. |
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Written by Administrator
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Monday, 17 September 2007 |
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BEIJING, Sept. 13 (InfoChina) – Market hearsay goes that Aluminum Corp of China (Chalco, ACH: NYSE, 2600: HK, 601600: SH) will lower its alumina spot price to 3500 yuan/ton from 3900 yuan/ton. |
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Alcoa said to sell 700 mln Chalco shares at discount |
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Written by Administrator
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Monday, 17 September 2007 |
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BEIJING, Sept. 13 (InfoChina) – Alcoa reportedly plans to sell 700 million shares of Hong Kong-listed Aluminum Corp of China (Chalco, ACH: NYSE, 2600: HK, 601600: SH) at 17.26 to 18.27 dollars per share. |
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Goldman Sachs rates Chalco at “buy”, targeting at 28 HK dollars |
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Written by Administrator
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Monday, 17 September 2007 |
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BEIJING, Sept. 11 (InfoChina) – Goldman Sachs Tuesday gave a “buy” rating on Aluminum Corp of China (Chalco, ACH: NYSE, 2600: HK, 601600: SH) and up adjusted its 12-month target price by 51.4 percent to 28 Hong Kong dollars. |
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