Aluminum Corporation of China (CHINALCO), an investment management and holding company authorized by the state, is a backbone state-owned enterprise . As of the end of June 2008, its assets totaled RMB 377.7 billion, with its value growth rate on fixed assets and return on equity leading among the state-owned enterprises with assets over RMB 10 billion. It is the world’s second largest alumina producer and the third largest primary aluminum producer. With Chinalco being the holding company, Aluminum Corporation of China Limited (CHALCO) is listed on the New York, Hong Kong and Shanghai stock exchanges. CHALCO is rated BBB+ by Standard & Poor’s for three consecutive years.
CHINALCO is committed to the strategic positioning of becoming an international polymetallic mining company. Based in China and oriented towards a global presence, it aggressively integrates its domestic resources while accelerating expansion of its international businesses and a vast product portfolio. It is engaged in the following areas based on law: investment and operation management of state-owned assets; bauxite mining, alumina refining, smelting, processing and trading of aluminum; mining, smelting, processing and trading of rare metals and rare earth; mining, smelting, processing and trading of copper and other nonferrous metals; related engineering and technological services.
CHINALCO has independently developed and applied the new technologies like Ore-Dressing Bayer Process and 400kA High-Amperage Electrolytic Aluminum Cell. The special aluminum alloys and titanium alloys produced by the company have become key material of the national defense industry and have been used in the Long March family of launch vehicle and the Shenzhou Spacecrafts. The company has an outstanding management team and a pool of technical professionals with expertise in full-ranging areas. It owns many core technologies with independent IPR.
CHINALCO follows the corporate spirit of Striving for Strength and Excellence through Hardworking and Innovation, the management philosophy featuring a Strict, Meticulous, Pragmatic, Innovative, Persistent and United style, and the operation philosophy of Maximizing Returns through Honest Operation. We will constantly promote reform and development and actively deliver social responsibilities to build a resources-efficient, environment-friendly company with safe production. Facing the new economic situation and global competition, we will continue to pursue the common vision of Building Chinalco into a Leading, Stable and Profitable Company, and realize sound and rapid growth backed by the scientific outlook on development, excellent performance and well-developed corporate culture.