1. Chinalco will accelerate market-oriented reform and mixed ownership reform and target the high-end industry chain to enhance its competitiveness, said Ge Honglin, chairman of Chinalco, a metal conglomerate in China, at the 2015 China Mining on Thursday.
2. Sinosteel Engineering & Technology Co. (000928.SZ) announced late Thursday that its wholly-owned subsidiary Sinosteel Equipment & Engineering Co., Ltd (Sinosteel MECC) signed two contracts worth about 2.4 billion yuan with the SUDAR Oil Company in South Sudan.
3. Fangda Special Steel Technology Co. (600507.SH) announced on late Thursday that it will bid for a 66.67-percent stake in Haiji Securities for 406 million yuan.
4. Large- and medium-sized steel mills in China incurred losses of 18 billion yuan in the first eight months of the year, according to Xu Lejiang, president of the China Iron and Steel Association (CISA) and chairman of Baosteel Group at the 10th CSM Annual Meeting. 5. Profits of the mining industry in China plunged 57 percent year on year in the first eight months of the year, showing a difficult situation for the sector, according to the ongoing China Mining 2015.
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