The “two major tasks”, in Xiao’s words, refer to the circumstances that Chinalco’s development of international aluminum resources is still going on and the level of the group’s internationalized operation needs to be lifted greatly.

According to Xiao, Chalco plans to improve its industry chain during the next three years. Its production capacity of alumina would reach 9.94 million ton and its domestic capacity is expected to amount to 13 million tons within next three years. Meanwhile, the production capacity of electrolyte aluminum will be up to 3.5 million tons by the end of 2007 and five million tons within three years.

Xiao said Chalco also plans to integrate partial aluminum processing business from its parent company.

Chalco signed a development agreement with the Queensland State Government of Australia in March this year and concluded a land leasehold agreement in May, paving the way for applying mine exploitation license. (Edited by Liu Ya’nan)