Aluminum Corporation of China Limited(CHALCO)
With the theme of "From Novel Concepts, To Innovative Solutions", CHINA MINING Congress & Expo 2016 will be held at Meijiang Convention and Exhibition Center in Tianjin on September 22nd -25th, 2016. The event hosted by the Ministry of Land & Resources, the Tianjin Municipal Government and China Mining Association.
The Australian stock market swung higher this morning after Wall Street hit a ten-week high after better-than-expected manufacturing data and strong European bank earnings. Almost all sectors have performed strong, leading by Materials, Information Technology and Energy.
Bauxite Resources Limited (ASX:BAU) (PINK:BXRDF) is pleased to release June 2010 Quarterly Report.
Aluminum Corp of China (SHA:601600) (HKG:2600), or Chalco, is three weeks away from deadline to submit a feasibility study of developing a refinery for the Aurukun bauxite deposit in Queensland. The state government has indicated that Chalco has to build an aluminium refinery on the state's east coast as part of the requirements to secure the lease.
Wall Street's modest gain overnight provided Asian stocks a positive lead, but lingering concerns over China's monetary policy could drag the regional markets today. Investors may keep cautious ahead of policy meetings by the US Federal Reserve and the Bank of Japan this week. Yesterday most Asian markets were lower. Japan's Nikkei 225 ended flat and South Korea's Kospi fell 0.8 per cent. China's Shanghai Composite lost 1.2 per cent, and Hong Kong's Hang Seng Index declined 0.6 per cent amid fears of Chinese government's possible credit tightening measure.
US market was closed yesterday for public holiday. European shares gained on the back of higher commodity prices overnight. Asian markets ended mixed on Monday while traders are awaiting US corporate earnings. Japan's Nikkei 225 fell 1.2%, Hong Kong's Hang Seng Index dropped 0.9%, China's Shanghai Composite rose 0.4%, South Korea's Kospi gained 0.6% and Taiwan's Taiex slipped 0.2%.
Tokyo stocks opened sharply lower Friday with investor sentiment hurt by Sony Corp.'s forecast of an annual operating loss as well as by a fall in U.S. shares overnight due to disappointing corporate earnings there. Yesterday the Aisan markets gained on the good lead from Wall Street. Hong Kong's Hang Seng Index firmed 0.6% to 12657.99. The Shanghai Composite Index added 1%. South Korea's Kospi Composite rose 1.1% to 1116.23.
CHALCO (NYSE:ACH)(HKG:2600)(SHA:601600) has confirmed recently to present as the platinum sponsor of CHINA MINING Congress & Expo 2008 following on from its successful sponsorship of CHINA MINING 2007, said CHINA MINING, the organizing committee of CHINA MINING 2008.
Yesterday the Australian share market was dragged down by a 6% fall in Rio Tinto and broad-based weakness across the resources sector on falling commodity prices and a weak US lead. The benchmark S&P/ASX200 was down 56 points, or 1.1%, to 5060, while the broader All Ordinaries had lost 64.5 points, or 1.2%, to 5130.5.
Aricom plc (LSE:ORE) is pleased to announce that further to the Memorandum of Understanding announced in January 2008, it has signed and received relevant formal approvals for the joint venture contract with Aluminium Corporation of China ("Chinalco") to construct a titanium sponge plant in North East China. Aricom and Chinalco will establish the plant in Jiamusi City, Heilongjiang province, China, with an initial production capacity of 15,000 tonnes p.a. of titanium sponge.