Interview of Lv Youqing--Deputy Director of Chinalco

Lv Youqing:

Chinalco is an international multi-metal mining company, our intellectual property and industry technical status has occupied a leading position in the world. What we are lack of are the market, some specific processing technology, especially the resource.

Compared with other companies in this industry, Chinalco has less experienced. Established in 2001, our assets were only 37.8 billion yuan, but till the end of the 2008, this statistic increased by 10 times to 377.7billion yuan.

The main reason for the increase is our principle, we insist on ¡°open up both market in and out aboard". Not only are our production and market being international, but also is our resource allocation. So, for many years, we have been concentrate on this aspact, we devoted ourselves to the exploring of the global resources, our cooperation projects covers countries and areas like Vietnam, Indonesia, Mongolia, the Middle East, as well as Peru, Brazil and Australia. Amony them, there are many successful big cases like the Onuk Project in Australia, which we invested 3billion pataca to construct the alumina plant. We also take the overall acquisition of Peru Copper Corporation, which cost 860 million dollars. While, the ongoing mine construction will take 3 billion dollars. Although we had suffered a setback recently, as stockholder, we will spend no efforts to protect interests of our enterprises as well as the interests of our country.

Moderator:
According to your speech, we acknowledged that there are a lot of successful overseas mergers and overseas acquisitions of Chinalco, but the fail of the Rio case has trigger some negative effects. It reminds us of a Chinese proverb "good things do not go out bad news would travel". So, the investors should have their own judgments before they get news from some Medias.

Lv Youqing:
Most Medias are very friendly to us, they share the joy of our success, and comfort us when we suffered setbacks.

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