1934 ACT FILE NO. 001-15264

         [Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]

         [Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

         [If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-              ]

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date  October 27, 2009       

By                 /s/    Liu Qiang                     
Name: Liu Qiang
Title: Company Secretary

Certain statements contained in this announcement may be regarded as "forward-looking statements" within the meaning of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this announcement represent the Company's views as of the date of this announcement. While the Company anticipates that subsequent events and developments may cause the Company's views to change, the Company specifically disclaims any obligation to update these forward-looking statements, unless required by applicable laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this announcement.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Aluminum Corporation of China Limited*
(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2600)

1

IMPORTANT NOTICE

1.1

The board of directors (the "Board"), the supervisory committee, the directors, supervisors and senior management of Aluminum Corporation of China Limited (the "Company") guarantee that this report contains no false representation, misleading information or material omission. All of them jointly and severally accept full responsibility for the truthfulness, accuracy and completeness of the contents of this report.

1.2

Mr. Xiong Weiping, Mr. Luo Jianchuan, Mr. Shi Chungui, Mr. Zhang Zhuoyuan and Mr. Wang Mengkui, Directors of the Company, attended the meeting. Mr. Chen Jihua, Mr. Liu Xiangmin, Mr. Kang Yi and Mr. Zhu Demiao, Directors of the Company, were unable to attend the meeting due to other engagements. Mr. Chen Jihua and Mr. Kang Yi appointed Mr. Luo Jianchuan to attend the meeting on their behalf and to vote at his absolute discretion. Mr. Liu Xiangmin and Mr. Zhu Demiao had appointed Mr. Wang Mengkui to attend the meeting on their behalf and to vote at his absolute discretion. 9 directors were eligible to attend the meeting, 5 of whom attended in person. 9 people were entitled to vote, which conformed to the required quorum.

1.3

The financial report of the Company in this 2009 third quarterly report has not been audited.

1.4

Mr. Xiong Weiping, Person-in charge of the Company, Mr. Chen Jihua, Person-in charge of Accounting, and Ou Xiaowu, Head of the Accounting Department warrant the truthfulness and completeness of the financial statements in this quarterly report.

2

BASIC CONDITIONS OF THE COMPANY

2.1

Principal financial data and indicators

Currency: RMB

Change from

The end of

The end of

the end of

reporting period

the pervious year

the previous year

(%)

Total assets (Thousand RMB)

133,156,742.00

135,527,517.00

-1.75

Owner's equity (or Shareholders' equity)

   (Thousand RMB)

51,638,240.00

54,998,481.00

-6.11

Net assets attributable to shareholders

   of the Company per share (RMB)

3.82

4.07

-6.14

From the beginning of

year to the end of

Changes from

reporting period

the same

(January - September)

period last year

(%)

Net cash flow from operating activities

   (Thousand RMB)

-120,702.00

-114.16

Net cash flow from operating activities

   per share (RMB)

-0.0090

-114.16

From the

beginning of year

to the end of

Changes from

The reporting

reporting period

the same

period (July-

(January-

period

September)

September)

last year

(%)

Net profit attributable to shareholders

   of the Company (Thousand RMB)

21,266.00

-3,500,492.00

-87.71

Basic earnings per share (RMB)

0.0016

-0.2588

-87.71

Basic profit per share after

   extraordinary items (RMB)

-

-0.2923

-

Diluted earnings per share (RMB)

0.0016

-0.2588

-87.71

Return on net assets (fully diluted) (%)

0.04

-6.78

Increased

by 0.26

percentage points

Return on net assets after extraordinary

   items (fully diluted) (%)

-0.18

-7.66

Increased

by 0.06

percentage points

Deducting the gain or loss arising from extraordinary items

Amount from the

beginning of the year

to the end of

Extraordinary items

reporting period

(Thousand RMB)

Profit and loss from disposal of non-current assets

-2,296

Government subsidies included in the profit and

   loss of the period, but excluding government

   subsidies closely related to the ordinary business

   of the Company and are of fixed amount or

   fixed quantity in accordance with

   the State's unified standards

115,731

Except for the hedging business that is related to

   the ordinary business of the Company,

   the fair value gains or losses on held-for-trading

   financial assets and liabilities and

   investment income from disposing

   held-for-trading financial assets and

   liabilities and available for sales financial assets

448,315

Separate test for impairment of receivables

   back to the impairment

5,189

Other non-operating income/expenses

   other than above items

41,222

Income tax effect of extraordinary items

-121,632

Total

486,529

2.2

Number of shareholders and the top ten shareholders not subject to trading moratorium as at the end of the reporting period

Unit: share

Total number of shareholders as at the end of reporting period

645,999

The top ten shareholders of tradable shares not subject to trading moratorium

Number of

tradable shares not

subject to trading

moratorium held

as at the end of

Name of shareholders (in full)

reporting period

Class of share

HKSCC NOMINEES LIMITED

3,929,817,393

Overseas listed

foreign shares

China Cinda Assets Management Corporation

900,559,074

RMB denominated

ordinary shares

China Construction Bank Corporation

709,773,136

RMB denominated

ordinary shares

China Development Bank

554,940,780

RMB denominated

ordinary shares

Guizhou Provincial Materials Development

72,800,000

RMB denominated

   and Investment Corporation

ordinary shares

Guangxi Investment Group Co., Ltd.

45,840,527

RMB denominated

ordinary shares

Industrial and Commercial Bank of China

20,106,722

RMB denominated

   - Shanghai 50 ETF Securities Investment Fund

ordinary shares

Industrial and Commercial Bank of China

16,704,956

RMB denominated

   - Lion Balance Securities Investment Fund

ordinary shares

Bank of China - Harvest Shanghai Shenzhen 300

13,216,159

RMB denominated

   Index Securities Investment Fund

ordinary shares

Industrial and Commercial Bank of China

12,999,855

RMB denominated

   - Guangfa Stable Growth Securities Investment Fund

ordinary shares

3

SIGNIFICANT EVENTS

3.1

Material changes in major accounting items and financial indicators and the reasons thereof

   Applicable

   Not Applicable

1.

Cash decreased by 48% from the beginning of the year, which was mainly used for the construction of alumina projects.

2.

Notes receivable increased by 57%, mainly due to a net increase of bills from the operating activities during the reporting period.

3.

The net amount of accounts receivable, net increased by 90%, mainly due to an increase of receivables in aluminum fabrication segment.

4.

Prepayments increased by 63%, mainly due to an increase of purchases of raw and auxiliary materials.

5.

Costs of construction materials increased by 110% from the beginning of the year, mainly due to an increase in the procurement of construction materials during the reporting period.

6.

Deferred income tax assets increased by approximately 134% from the beginning of the year, mainly due to deferred income tax assets that were charged for a loss during the period.

7.

Short-term borrowings increased by approximately 40% from the beginning of the year, mainly due to an increase of short-term borrowings during the reporting period that was used to supplement our working capital.

8.

Bills payable increased by 419% from the beginning of the year, mainly due to the issuance of banks' acceptance bills for the settlement of payments during the reporting period.

9.

Other current liabilities decreased by 96%, mainly due to the settlement of short-term financing bills.

3.2

Significant events and their effect and analysis on solutions

   Not Applicable

   Applicable

3.3

Implementation of undertakings by the Company, its shareholders and de facto controller

   Applicable

   Not Applicable

During the A share issue, the Company's undertakings principally relate to the non-competition undertakings with Chinalco, including:

1.

the Company plans to acquire from Chinalco its aluminum fabrication business when market conditions are more mature and when circumstances are favorable to the Company, as well as Chinalco's pseudo-boehmite business, within one year of the issuance of the Company's A shares;

2.

the undertaking to acquire the primary aluminum business of Liancheng Aluminum by the end of 2007;

3.

the undertaking to solve the competition with Tongchuan Xinguang within one year of the listing of the Company's A shares; and

4.

the undertaking to merge the primary aluminum business of Baotou Aluminum, as and when appropriate, following the issuance of the Company's A shares.

Chinalco, the controlling shareholder of the Company, had made the following undertakings as at the end of the reporting period:

1.

the undertakings relating to non-competition, i.e., "following the listing of the Company's A shares on the Shanghai Stock Exchange, Chinalco will inject quality aluminum assets (including but not limited to assets and equity interests of aluminum smelting and fabrication businesses), as and when appropriate, into the Company to facilitate the further improvement of its industry chains"; and

2.

the undertaking for a volunteer lock-up of three years in respect of the Company's shares held by it from the listing of the Company's A shares.

In respect of the aforesaid undertakings, the Company is currently progressing towards duly performing and completing the undertaken matters within the time limit. As at the end of the reporting period, the Company had completed the acquisition of the primary aluminum business of Liancheng Aluminum and certain aluminum fabrication businesses of Aluminum Corporation of China and the consolidation of the primary aluminum business of Baotou Aluminum. The Company maintains that Aluminum Corporation of China has not violated its undertaking.

3.4

Warning on any potential loss in accumulated net profit for the period from the beginning of the year to the end of the next reporting period or any material change from the corresponding period of last year and the reason thereof

   Not Applicable

   Applicable

3.5

Implementation of distribution of the cash dividend during the reporting period

There was no dividend distribution during the reporting period

Aluminum Corporation of China Limited

Legal representative: Xiong Weiping

4

APPENDICES

4.1

Consolidated Balance Sheet

As at 30 September 2009

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

Cash and Cash equivalents

8,515,459

16,295,585

Settlement reserve

Placements with banks and

   other financial institutions

Held for trading financial assets

672

57,864

Bills receivable

1,136,182

722,285

Accounts receivable

2,496,238

1,313,039

Prepayments

1,726,760

1,058,238

Premiums receivable

Receivables from reinsurers

Deposits receivable from

   reinsurance agreements

Interest receivable

Dividend receivable

Other receivable

1,173,503

1,271,770

Purchases of resold financial assets

Inventories

19,751,529

19,876,015

Non-current assets due within one year

597,065

378,717

Other current assets

1,759,120

1,513,974

Total current assets

37,156,528

42,487,487

Non-current assets:

Loans and advances granted

Financial assets available for sale

42,059

38,214

Held-to-maturity investments

Long-term receivables

Long-term equity investments

801,760

806,659

Investment properties

Fixed assets

66,893,897

65,129,108

Construction in progress

20,873,211

20,535,478

Construction materials

660,012

313,686

Disposals of fixed assets

Biological assets for production

Oil and gas assets

Intangible assets

2,393,018

2,334,694

Development expenses

Goodwill

2,362,736

2,362,735

Long-term deferred expenditures

169,945

192,429

Deferred income tax assets

1,635,576

698,504

Other non-current assets

168,000

628,525

Total non-current assets

96,000,214

93,040,032

Total assets

133,156,742

135,527,519

Current liabilities:

Short-term borrowings

19,924,787

14,188,202

Borrowings from central bank

Deposit taking and deposit in

   inter-bank market

Placements from banks and other

   financial institutions

Held-for-trading financial liabilities

114,047

Notes payable

2,170,167

418,010

Account payable

3,664,802

4,343,930

Payments received in advance

3,271,800

3,671,584

Disposal of repurchased financial assets

Handling charges and commissions payable

Staff remuneration payable

414,725

161,454

Taxes payable

341,172

251,819

Interest payable

178,601

149,306

Dividend payable

107,583

108,812

Other payable

4,591,445

6,354,549

Reinsurance accounts payable

Deposits for insurance contracts

Agent brokerage fee

Agent underwriting fee

Non-current liabilities due within one year

2,523,708

3,329,935

Other current liabilities

204,475

5,359,180

Total current liabilities

37,393,265

38,450,828

Non-current liabilities:

Long-term borrowings

26,713,124

24,169,469

Debentures payable

12,043,195

11,963,083

Long-term payables

33,470

64,022

Special payables

23,850

14,500

Accrued liabilities

Deferred income tax liabilities

71,836

53,768

Other non-current liabilities

210,852

615,027

Total non-current liabilities

39,096,327

36,879,869

Total liabilities

76,489,592

75,330,697

Owner's equity:

share capital

13,524,488

13,524,488

Capital reserve

13,325,639

13,323,896

Less: Treasury stock

Surplus reserve

5,799,232

5,799,232

Special reserve - safety production fees

65,380

33,213

General risk provision

Undistributed profit

18,987,513

22,488,006

Foreign currencies translations differences

-64,012

-170,353

Total shareholders' equity

   attributable to the Company

51,638,240

54,998,482

Minority interests

5,028,910

5,198,340

Total owner's equity

56,667,150

60,196,822

Total liabilities and owners' equity

133,156,742

135,527,519

Company Legal

Person-in-charge

Head of Accounting

Representative:

of accounting:

Department:

Xiong Weiping

Chen Jihua

Ou Xiaowu

Balance Sheet of the Company

As at 30 September 2009

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

Cash and cash equivalents

4,138,025

7,030,857

Held for trading financial assets

Bills receivable

522,340

601,120

Accounts receivable

3,189,169

3,877,161

Prepayments

748,585

268,196

Interests receivable

141,651

141,651

Dividend receivable

Other receivable

1,369,850

2,556,318

Inventories

10,707,462

11,705,718

Non-current assets due within one year

28,000

28,000

Other current assets

737,053

742,625

Total current assets

21,582,135

26,951,646

Non-current assets:

Financial assets available for sale

7,000

7,000

Held-to-maturity investment

Long-term receivables

Long-term equity investments

12,720,276

11,432,171

Investment properties

Fixed assets

44,999,146

43,919,929

Construction in progress

10,545,853

11,031,467

Construction materials

304,392

242,650

Disposal of fixed assets

Biological assets for production

Oil and gas assets

Intangible assets

817,823

852,206

Development expenses

Goodwill

2,330,946

2,330,945

Long-term deferred expenditures

83,987

94,615

Deferred income tax assets

1,026,782

350,336

Other non-current assets

168,000

196,000

Total non-current assets

73,004,205

70,457,319

Total assets

94,586,340

97,408,965

Current liabilities:

Short-term borrowings

8,800,000

4,537,000

Held-for-trading financial liabilities

Notes payable

944,627

33,000

Accounts payable

1,939,340

2,605,718

Payments received in advance

396,632

226,409

Staff remuneration payables

264,713

65,799

Taxes payable

227,656

167,628

Interests payable

176,306

149,306

Dividends payable

Other payable

3,476,506

4,056,455

Non-current liabilities due within one year

265,519

1,179,422

Other current liabilities

144,752

5,265,546

Total current liabilities

16,636,051

18,286,283

Non-current liabilities:

Long-term borrowings

14,437,782

12,760,382

Debentures payable

12,034,782

11,963,083

Long-term payables

33,470

64,022

Special payables

23,850

14,500

Accrued liabilities

Deferred income tax liabilities

Other non-current liabilities

110,131

100,208

Total non-current liabilities

26,640,015

24,902,195

Total liabilities

43,276,066

43,188,478

Owner's equity:

Capital (share capital)

13,524,488

13,524,488

Capital reserve

14,164,569

14,164,569

Less: Treasury stock

Surplus Reserve

5,799,232

5,799,232

Special Reserve - Safety Production fees

44,798

18,061

Undistributed profit

17,777,187

20,714,137

Foreign currencies translation differences

Total owner's equity

51,310,274

54,220,487

Total liabilities and owners' equity

94,586,340

97,408,965

Company Legal

Person-in-charge

Head of Accounting

Representative:

of accounting:

Department:

Xiong Weiping

Chen Jihua

Ou Xiaowu

4.2

Consolidated income statement

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand RMB Unaudited

From the

From the

beginning of

beginning

previous year to

Amount for the

of year to

the end of the

corresponding

the end of

corresponding

Amount

period of the

reporting

period of the

for the period

previous year

period

previous year

(July -

(July -

(January -

(January -

Items

September)

September)

September)

September)

1.

Total operating revenue

17,076,185

19,125,907

45,060,869

58,788,535

Including:

operating revenue

17,076,185

19,125,907

45,060,869

58,788,535

Interest income

Premiums earned

Handling charges and

   commission income

2.

Total cost of operations

17,090,073

19,213,747

49,916,160

55,546,413

Including:

operating cost

15,608,882

17,627,240

45,605,866

51,174,822

Interest expenses

Handling charges and

   commission expenses

Returned premium

Net expenditure for

   compensation payments

Net provision for

   insurance deposits

Policyholder dividend expenses

Reinsurance costs

Business tax and surcharges

75,183

84,175

181,589

285,779

Selling expenses

312,132

414,519

866,495

1,134,330

Administrative expenses

526,005

541,345

1,648,470

1,684,291

Finance expenses

567,973

550,145

1,617,068

1,282,422

Loss on assets impairment

-102

-3,677

-3,328

-15,231

Add:

Gains on fair

   value changes

   (loss stated with "-")

-64,998

150,385

14,708

164,229

Investment income

   (loss stated with "-")

186,438

176,514

385,247

346,335

Including:

Investment income

   from associated

   companies and

   jointly controlled

   entities

Foreign currency

   exchange gains

   (loss stated with "-")

3.

Operating profit (loss stated with "-")

107,552

239,059

-4,455,336

3,752,686

Add:

Non-operating income

20,085

53,963

150,307

152,869

Less:

Non-operating expenses

15,815

7,107

29,990

371,563

Including:

Net loss from disposal

   of non-current assets

4.

Total profit (loss stated with "-")

111,822

285,915

-4,335,019

3,533,992

Less:

Income tax expenses

-41,269

120,678

-713,402

761,589

5.

Net profit (loss stated with "-")

153,091

165,237

-3,621,617

2,772,403

Net profit attributable to shareholders

   of the Parent Company

21,266

173,011

-3,500,492

2,566,913

Minority interests

131,825

-7,774

-121,125

205,490

6.

Earnings per share:

(i)

Basic earnings per share

0.0016

0.0127

-0.2588

0.1898

(ii)

Diluted earnings per share

0.0016

0.0127

-0.2588

0.1898

Company Legal

Person-in-charge

Head of Accounting

Representative:

of accounting:

Department:

Xiong Weiping

Chen Jihua

Ou Xiaowu

Income statement of the Company

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand RMB Unaudited

From the

From the

beginning of

beginning

previous year to

Amount for the

of year to

the end of the

corresponding

the end of

corresponding

Amount

period of the

reporting

period of the

for the period

previous year

period

previous year

(July -

(July -

(January -

(January -

Items

September)

September)

September)

September)

1.

Operating revenue

8,838,139

13,119,535

22,412,020

35,899,946

Less:

operating costs

8,132,713

12,162,658

23,554,920

31,008,735

Business tax and surcharges

45,627

57,491

100,733

197,396

Selling expenses

179,177

244,043

491,242

623,834

Administrative expenses

341,859

421,703

1,073,055

1,188,689

Finance expenses

335,725

367,348

914,438

652,553

Loss on assets impairment

-8,981

-6,121

-12,754

-5,381

Add:

Gains on fair value

   changes (loss stated

   with "-")

Investment income

   (loss stated with "-")

32,011

201,434

15,504

554,450

Including:

Investment income

   from associated

   companies and

   jointly controlled

   entities

2.

Operating profit

   (loss stated with "-")

-155,970

73,847

-3,694,110

2,788,570

Add:

Non-operating income

11,432

42,066

100,987

115,789

Less:

Non-operating expenses

10,393

6,247

20,178

320,988

Including:

Net loss from disposal

   of non-current assets

3.

Total profit (loss stated with "-")

-154,931

109,666

-3,613,301

2,583,371

Less:

Income tax expenses

-11,026

30,167

-676,352

449,633

4.

Net profit (loss stated with "-")

-143,905

79,499

-2,936,949

2,133,738

Company Legal

Person-in-charge

Head of Accounting

Representative:

of accounting:

Department:

Xiong Weiping

Chen Jihua

Ou Xiaowu

4.3

Consolidated Cash Flow Statement

January-September 2009

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand RMB Unaudited

Amount for the

corresponding

Amount for

period of the

the period

previous year

(January-

(January-

Items

September)

September)

1.

Cash flow from operating activities:

Cash received from product sales and

   rendering of services

55,366,666

74,346,413

Net increase in deposits from customers and

   placements from banks and

   other financial institutions

Net increase in borrowings from central bank

Net increase in placements from

   other financial institutions

Cash received from premiums of

   original insurance contracts

Net cash received from reinsurance business

Net increase in deposits from

   policyholders and investments

Net increase in disposal of held-for-trading

   financial assets

Cash received from interest, handling charges

   and commissions

Net increase in capital due to banks and

   other financial institutions

Net increase in repurchases

Refund of tax and levies received

136,212

108,561

Other cash received relating to operating activities

158,148

167,207

Sub-total of cash inflow from operating activities

55,661,026

74,622,181

Cash paid for purchase of goods and

   receipt of services

46,726,740

63,633,758

Net increase in loans and advances to customers

Net increase in placements with central bank

   and other financial institutions

Cash paid for claims on original insurance contracts

Cash payment for interest, handling charges

   and commissions

Cash payment for policyholder dividend

Cash paid to and on behalf of employees

4,463,398

4,366,436

Taxes and surcharges paid

3,009,144

4,822,344

Other cash paid relating to operating activities

1,582,446

943,521

Sub-total of cash outflow from operating activities

55,781,728

73,766,059

Net cash flow from operating activities

-120,702

856,122

2.

Cash flows from investment activities

Cash received from disposal of investments

0

96,054

Cash received from returns on investments

1,842

141,806

Net cash received from disposal of fixed assets,

   intangible assets and other long-term assets

5,877

94,452

Net cash received from disposal of subsidiaries

   and other operating entities

0

0

Other cash received relating to investment activities

258,737

57,710

Sub-total of cash inflow from investment activities

266,456

390,022

Cash paid to acquire fixed assets, intangible assets

   and other long-term assets

7,168,055

14,737,670

Cash paid for investment

54,001

229,846

Net increase in pledged loans

Net cash paid for acquisition of subsidiaries

   and other operating entities

69,356

4,198,558

Other cash paid relating to investment activities

571,510

104,523

Sub-total of cash outflow from investment activities

7,862,922

19,270,597

Net cash flows from investment activities

-7,596,466

-18,880,575

3.

Cash flow from financing activities:

Proceeds received from investments

0

184,800

Including:

Proceeds received by subsidiaries

   from minority shareholders' investment

0

184,800

Cash received from borrowings

20,502,559

25,253,163

Cash received from issue of debentures

0

9,985,000

Other cash received relating to financing activities

0

126,303

Sub-total of cash inflow from financing activities

20,502,559

35,549,266

Cash paid for repayment

18,166,334

12,462,139

Cash paid for dividend and profit

   distribution or interest repayment

2,519,966

3,709,834

Including:

Dividend and profit paid by subsidiaries

   to minority shareholders

50,636

233,054

Other cash paid relating to financing activities

503,270

0

Sub-total of cash outflow from financing activities

21,189,570

16,171,973

Net cash flows from financing activities

-687,011

19,377,293

4.

Effect on cash and cash equivalents due to

   change in foreign currency exchange rate

20,609

0

5.

Net increase in cash and cash equivalents

-8,383,570

1,352,840

Add:

Balance of cash and cash equivalents

   at the beginning of the period

15,982,130

7,802,907

6.

Balance of cash and cash equivalents

   at the end of the period

7,598,560

9,155,747

Company Legal

Person-in-charge

Head of Accounting

Representative:

of accounting:

Department:

Xiong Weiping

Chen Jihua

Ou Xiaowu

Cash Flow Statement of the Company

January-September 2009

Prepared by: Aluminum Corporation of China Limited

Unit: Thousand RMB Unaudited

Amount for the

corresponding

Amount for

period of the

the period

previous year

(January-

(January-

Items

September)

September)

1.

Cash flow from operating activities:

Cash received from product sales and

   rendering of services

27,692,306

40,415,295

Refund of tax and levies received

Other cash received relating to operating activities

80,966

100,440

Sub-total of cash inflow from operating activities

27,773,272

40,515,735

Cash paid for purchase of goods and

   receipt of services

20,401,643

33,917,151

Cash paid to and on behalf of employees

2,950,881

3,299,466

Taxes and surcharges paid

1,229,096

3,082,626

Other cash paid relating to operating activities

1,255,309

657,339

Sub-total of cash outflow from operating activities

25,836,929

40,956,582

Net cash flow from operating activities

1,936,343

-440,847

2.

Cash flows from investment activities:

Cash received from disposal of investments

428,000

0

Cash received from returns on investments

61,162

171,863

Net cash received from disposal of fixed assets,

   intangible assets and other long-term assets

2,161

20,505

Net cash received from disposal of subsidiaries

   and other operating entities

0

21,373

Other cash received relating to investment activities

4,017,255

56,256

Sub-total of cash inflow from investment activities

4,508,578

269,997

Cash paid to acquire fixed assets, intangible assets

   and other long-term assets

3,704,298

6,638,637

Cash paid for investment

1,554,001

63,882

Net cash paid for acquisition of subsidiaries

   and other operating entities

69,356

5,612,183

Other cash paid relating to investment activities

2,583,090

750,648

Sub-total of cash outflow from investment activities

7,910,745

13,065,350

Net cash flows from investment activities

-3,402,167

-12,795,353

3.

Cash flows from financing activities:

Proceeds received from investments

Cash received from borrowings

11,073,867

12,437,836

Other cash received relating to financing activities

0

9,985,000

Sub-total of cash inflow from financing activities

11,073,867

22,422,836

Cash paid for repayment

11,047,369

6,088,369

Cash paid for dividend and profit distribution

   or interest repayment

1,448,550

2,204,278

Other cash paid relating to financing activities

47,000

0

Sub-total of cash outflow from financing activities

12,542,919

8,292,647

Net cash flows from financing activities

-1,469,052

14,130,189

4.

Effect on cash and cash equivalents due to

   change in foreign currency exchange rate

433

0

5.

Net increase in cash and cash equivalents

-2,934,443

893,989

Add:

Balance of cash and cash equivalents

   at the beginning of the period

7,030,857

5,121,705

6.

Balance of cash and cash equivalents

   at the end of the period

4,096,414

6,015,694

Company Legal

Person-in-charge

Head of Accounting

Representative:

of accounting:

Department:

Xiong Weiping

Chen Jihua

Ou Xiaowu

By order of the Board of

Aluminum Corporation of China Limited*

Xiong Weiping

Chairman and CEO