Chinalco’s Xiao Moves On And Up

Chinalco’s president, Xiao Yaqing, is moving on at what would seem to be a critical time for the company with its $19.5 billion capital injection into Anglo-Australian miner Rio Tinto now starting to do the rounds of regulatory approvals. But having announced the proposed deal in London earlier this month, Xiao is now not just moving on, but up, to a position with the State Council, Caijing magazine reports. Xiong Weiping, who was president of Chinalco’s Hong Kong subsidiary before moving in 2006 to be general manager of China Travel Service in the territory, is tipped to replace Xiao at Chinalco.

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