Aluminum Corporation of China
Chinalco "is an industry leader in processing nonferrous minerals. It also conducts exploration and mining of minerals and provides engineering and technical services to the mining industry. Headquartered in Beijing, Chinalco and its subsidiaries have operations across 22 provinces in China and 15 overseas offices across 10 countries." [1]
Contents
Rio Tinto cancels deal with Chinalco
In June 2009, Rio Tinto scrapped Chinalco's $19.5-billion investment offer in favour of Anglo-Australian miner BHP Billiton. In August 2009, China arrested four employees of Rio Tinto on charges of stealing trade secrets and taking bribes. The arrests of the Shanghai-based employees were widely seen as action by China in retaliation to the collapse of Rio's proposed deal. Despite the prospect of a diplomatic nightmare with one of its largest trading partners, China went ahead with the arrests. Subsequently, just before the trial, the Chinese state dropped the more serious charges of theft of trade secrets, while during the trial the defendants admitted to receiving bribes.[2]
Management
Accessed June 2009: [3]
- Xiong Weiping, President & Secretary-General of the Executive Committee
- Luo Jianchuan, Executive Committee Member
- Lu Youqing, Vice President & Executive Committee Member
- Ao Hong , Vice President & Executive Committee Member
- Liu Caiming, Vice President & Executive Committee Member
- Zhang Chengzhong, Vice President & Executive Committee Member
- Ren Xudong, Vice President & Executive Committee Member
- Zhao Zhao, Executive Committee Member
