Chinalco Against Economic Crisis Positively

(China Aluminum Network) Europe and America economic crisis brought about negative influence while Chinalco took effective measures and combined national strategy with enterprise self development demand to realize strategy transformation.

Chinalco as one of the world biggest aluminum enterprises proceeded an all-around structural adjustment. Xiong Weiping, the GM of Chinalco said that they knew the 5 mineral products that the nation need urgently and to create “Overseas Chinalco Again” is the key to achieve strategy transformation. Xie Weizhi, the general manager assistant of Chinalco stated that they have obtained the development rights of 12,000 thousand tons copper mine after acquired Northern Peru. Also purchased 12% stake of Rio Tinto and got the import sales right of high grade coking coal from Mongolia.

Through three years strategy transformation, Chinalco business has extended to more than 20 countries. A few days ago according to China Association of Enterprises, Chinalco ranking the eighth place among top 100 multinational corporations and transnational index with over 120 billion yuan overseas assets totally.

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