ADVFN - Advanced Financial Network.
HOME» NYSE » A » ACH Stock Price » ACH Stock News

Aluminum China Share News

 Aluminum Corp of China Ltd. Stock Price
ACH Stock Price
 Aluminum Corp of China Ltd. Stock Chart
ACH Stock Chart
 Aluminum Corp of China Ltd. Stock News
ACH Stock News
 Aluminum Corp of China Ltd. Company Information
ACH Company Information
 Aluminum Corp of China Ltd. Stock Trades
ACH Stock Trades

FACTBOX: Australian Foreign Investment Deals Blocked

SYDNEY -(Dow Jones)- Australia's Foreign Investment Review Board rarely rejects applications outright, but several takeover attempts have been abandoned in recent years while the regulator was reviewing the case, or after it demanded modifications. *In 2001, then-Treasurer Peter Costello blocked Royal Dutch Shell PLC (RDSB.LN)'s attempt to take over Woodside Petroleum Ltd. (WPL.AU), citing concerns that Shell could control the North West Shelf offshore gas field, leading to diminished production from the field. *In 2008, state-owned Sinosteel Corporation abandoned a bid to acquire 100% of iron ore miner Murchison Metals Ltd. (MMX.AU) after FIRB extended its review of the application. The regulator later approved Sinosteel purchasing a 49.9% stake in the miner, but Sinosteel did not take up the offer. *In 2009, Treasurer Wayne Swan ordered that state-owned China Minmetals Non-Ferrous Metals Co Ltd could only takeover OZ Minerals Ltd. (OZL.AU) if it excised the Prominent Hill copper-gold mine, which lies inside the Woomera Prohibited Area, a weapons testing range. Minmetals took over all OZ Minerals' other assets to form Minerals and Metals Group Ltd., now Minmetals Resources Ltd. (1208.HK), while Prominent Hill was left as the only asset held by OZ Minerals. *In 2009, state-owned China Nonferrous Metals Mining Co. Ltd. walked away from an offer for Lynas Corp. Ltd. (LYC.AU) after FIRB indicated it would only accept a bid for less than 50% of the company. Internal documents later indicated concerns about China's control of the global market in the rare earths mined by Lynas. *In 2009, state-owned Aluminum Corp. of China Ltd. (ACH) walked away from a bid to double its stake in Rio Tinto PLC (RIO.LN), the company's U.K. listing, to 19% amidst political opposition to the deal within Australia. The deal would have raised Chinalco's holding in the company's Australian listing Rio Tinto Ltd. (RIO.AU) to 14.9%. Swan had approved Chinalco raising its stake in the U.K. listing to 14.99% the previous year, but the deal was abandoned before an application for the renewed bid was completed. -By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

Stock News for Aluminum China (ACH)
DateTimeHeadline
12/10/201400:31:09Houston Firm In JV to Build Coal Gasification Plans In China
11/30/201417:05:32Hong Kong IPOs Become Losing Bets for Investors
07/22/201418:14:38ADR Shares End Higher; ARM Holdings, Deutsche Bank Shares Trade...
05/26/201413:33:13Guinea, Rio Tinto Seal Deal On $20 Billion Mine
05/16/201414:22:11Financing Deal for Guinea Mine Close to Completion, Rio Tinto...
10/11/201315:14:15Glencore Xstrata in Talks With Vale to Combine Sudbury Nickel...
09/26/201307:44:32African Minerals: Tewoo to Pay $990 Million for 16.5% Tonkolili...
09/02/201304:35:12ASIA MARKETS: Hong Kong Stocks Jump To Lead Broad Asia Gains
08/12/201304:53:31ASIA MARKETS: China Stocks Jump To Lead Asia Amid Policy Hopes
06/12/201312:30:11Guinea, Rio Tinto To Meet on Iron Ore Project
06/12/201311:51:11Guinea, Rio Tinto To Meet on Simandou Amid Soaring Costs - Minister
05/16/201300:00:21Rusal, Chalco to Decide on JV in June
04/23/201304:35:10ASIA MARKETS: Asia Stocks Trip Over Weak China Data
04/23/201302:01:30Chalco Vies With Rio Tinto, Others for Australia Bauxite Project
04/10/201304:31:22ASIA MARKETS: Most Asia Markets Gain After China Data
04/09/201323:51:10ASIA MARKETS: Asia Markets Mostly Up, As Resource Stocks Gain
03/05/201310:31:15Peru's Mining Investments Seen Rising 16% This Year - Bank
03/01/201304:19:16ASIA MARKETS: Shanghai, Hong Kong Stocks Sag; Tokyo Rises
02/27/201311:49:05Peru Sees Mining Investments of $19.5 Billion in 2013 and 2014
02/15/201309:39:50Guinea Mines Ministry Launches Web Site For Titles, Contracts

Aluminum China and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad