China Aluminum Company becomes Yunnan Copper industry actual Control person

China Aluminum Company (hereinafter referred to as Chinalco) in the copper block accelerated "happy enclosure." Last night, one of the three major copper giants in Yunnan Copper Industry Co., Ltd. (000878, Yunnan Copper Industry) issued a notice, November 11, Yunnan Sasac has signed with Chinalco, "about Yunnan Copper (Group) Co., Ltd. of the stock transfer agreement", Chinalco through this free stroke Clouds copper Group 2%　　, the shareholding ratio of cloud Copper group will reach 51%, forming the absolute control of Copper group, and becoming the actual control person of Yunnan copper industry.　　Currently, Chinalco holds 49% per cent of the group, and the group holds a 54.3% per cent stake in the Yunnan copper industry. Yunnan copper industry is China's non-ferrous metal smelting and processing of large enterprises, the main products are high-purity copper cathode, electrical copper billet, industrial sulfuric acid, bullion and bullion, etc., the company also recovered lead, zinc and bismuth, selenium, platinum, palladium and other non-ferrous metals and rare metals.　　In the first three quarters of this year, the company achieved net profit of 218 million yuan, Rose 114.14% year-on-year, the basic earnings per share of 0.174 yuan, up 114.02%. Chalco is mainly engaged in alumina, electrolytic aluminum, aluminum processing-oriented aluminum industry, copper-dominated copper industry, titanium-oriented rare metal industry, as well as engineering design, general contracting and other related technical services.　　At present, Chinalco has made substantial progress in the development of international and domestic copper resources. It is worth mentioning that Yunnan Copper yesterday evening also announced that, since the second half of the copper and other non-ferrous metals prices continued to rise, the company's capital turnover accelerated, the need for the flow of capital shortfall, to the August 26, 2010, "Yunnan Copper Co., Ltd. non-public issues of the plan" of the specific arrangements and fund-raising scale adjustment-　　-The abolition of the original fund-raising investment project fourth "supplementary liquidity 1 billion yuan", the total amount of funds collected reduced to "no more than 4.58 billion yuan."　　On November 11, the London Metal Exchange (Londonmetalexchange) copper rose to a new high of $8966 per ton, the first commodity to exceed the 2008-year peak, according to data. November 11, Cloud copper closed at 29.56 yuan/share.