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Chalco eying 2nd spot as global copper enterprise
- China Aluminium Network
- Post Time: 2008/6/11
- Click Amount: 577
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It is reported that Chalco is facing with a notable strategic transition. According to the expansion plan, the company will become a leader in domestic copper industry as well as the world’s second largest copper enterprise in the next two of three years.
Mr Xiao Yaqingm the board chairman and CEO of Chalco said that the group will spend CNY 20 to CNY 30 billion in oversea purchase in the future.
On May 28th 2008, CNY 10 billion medium term note issuance of Chalco was approved. Funds will be used mainly for the purchasing of relative assets of its parent company, Chalco.
Source: www.steelguru.com
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