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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

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Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

August 26, 2010

Chinalco ready to step on coal and iron ore field

The Aluminum Corporation of China (Chinalco) is mapping out to complete corporate strategic transitions for the following three years, catapulting itself also to coal and iron ore fields, disclosed Xiong Weiping, chairman of Chinalco Tuesday.

Chinalco will establish two to three coal producing bases as scheduled so as to gradually integrate operations in the aluminum coal industry chain with the company, stressed Xiong.

While as for the iron ore business, the company signed an agreement with Rio Tinto on July 29 to jointly develop an iron ore project in Simandu, Guinea.

In the first half of 2010, Chinalco achieved a revenue of 59.778 billion yuan ($8.79 billion) with a growth of 113.61 percent, among which its net profit was of 531 million yuan ($78.08 million), according to the company's quarter financial report Tuesday.

Source: Global Times

http://english.people.com.cn/

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