Chinalco Becomes Controlling Shareholder Of Yunnan Copper Industry Group

BEIJING, Nov 15, 2010 (Dow Jones Commodities News via Comtex) -- Aluminum Corp. Of China, or Chinalco, has become controlling shareholder of the Yunnan Copper Industry Group, parent company of the Yunnan Copper Co. (000878.SZ), the listed company said in a statement Monday.

Chinalco holds a 51% stake of the Yunnan Copper Industry Group, after it acquired a 2% stake from the Yunnan provincial government free of charge Thursday, the statement said.

Chinalco remains actual controller of the Yunnan Copper Co., the statement said.

Chinalco, the parent company of Aluminum Corp. of China Ltd. (601600.SH), or Chalco, is also the world's second-largest alumina producer.