Be honest Hutch - you only want to talk the stock down so you can grab some more on the CHeeeeeeeeeeeeeP.
Nice try, but I don't think you are going to stop this one from running......even in a bad market!
We will have bauxite (nr Chalco), also a lovely big EPC and I'll leave you to ponder this extract.............and remember what AEC excel in....clean coal technology....are you thinking what I'm thinking???????
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XIAO Yaqing is a very powerful player in the Chinese resources industry. That is likely to make him an increasingly powerful player in Australia as well.
Mr Xiao, 49, is the chairman of the state-owned aluminium giant Chinalco and its listed subsidiary, Chalco.
Through Chinalco, he took a 9 per cent, $15 billion stake in Rio Tinto last February and would clearly be interested in more - but that is only on the unlikely basis that Canberra would agree.
Not that that would stop Mr Xiao from growing elsewhere in Australia.
Through Chalco, he is also proposing the largest single investment by a Chinese company so far in the Australian resources sector - a $3 billion bauxite mine and alumina refinery in Queensland. And he makes it plain he is extremely keen to expand further in Australian resources and downstream processing.
But Xiao Yaqing is also holding out the prospect of further massive downstream development of resources, including using the still elusive dream of clean coal technology.
"We have been thinking about whether we can can extend our operations into the downstream," he says. "For example, Queensland has very good clean coal technology so we are thinking that if we can generate power using this clean coal technology we could probably extend our operations from the upstream bauxite and alumina to downstream operations like smelting or other projects."
MKY
mky resources ltd
