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 if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1): __________

         Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7): __________

         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  April 21, 2011       

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 (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

All the Directors attended the Board meeting.

1.3

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

1.4

Name of Person-in-charge of the Company

Xiong Weiping

Name of Person-in-charge of Accounting

Liu Caiming

Name of Head of the Accounting Department

Lu Dongliang

Xiong Weiping, Person-in-charge of the Company, Liu Caiming, Person-in-charge of accounting, and Lu Dongliang, Head of the Accounting Department warrant the truthfulness and completeness of the financial statements in this quarterly report.

2

COMPANY PROFILE

2.1

Principal financial data and indicators

Currency: RMB

Change from

The end of

The end of the

the end of the

reporting period

previous year

previous year

(%)

Total assets

   (Thousand RMB)

148,216,743.00

141,322,039.00

4.88

Owner's equity (or Shareholders' equity)

   (Thousand RMB)

51,959,647.00

51,608,147.00

0.68

Net assets per share attributable

   to shareholders of the listed Company

   (RMB per share)

3.84

3.82

0.52

From the

beginning of

the year to the

Changes from

end of reporting

the same period

period

last year

(%)

Net cash flow from operating activities

   (Thousand RMB)

-1,278,866.00

N/A

Net cash flow per share generated from

   operating activities (RMB per share)

-0.09

N/A

From the

beginning of year

Changes from

The reporting

to the end of

the same period

period

reporting period

last year

(%)

Net profit attributable

   to shareholders of the Company

   (Thousand RMB)

331,174.00

331,174.00

-47.20

Basic earnings per share

   (RMB per share)

0.024

0.024

-47.83

Basic profit per share

   after extraordinary items

   (RMB per share)

0.024

0.024

-44.19

Diluted earnings per share

   (RMB per share)

0.024

0.024

-47.83

Return on net assets

   (weighted average) (%)

0.64

0.64

Less: 0.59

percentage point

Return on net assets

   after deducting extraordinary items

   (weighted average) (%)

0.61

0.61

Less: 0.53

percentage point

Deducting the gain or loss arising from extraordinary items:

Unit: '000   Currency: RMB

Items

Amount

Profit and loss from disposal of non-current assets

9,381

Government subsidies included in the profit and loss for the

   period (excluding government subsidies closely related to

   the business of the Company and are of fixed amount or

   fixed quantity in accordance with the State's unified standards)

4,506

Except for the hedging business that is related to the ordinary

   business of the Company, the fair value gains or losses

   arising from held-for-trading financial assets and liabilities

   and investment income from disposing held-for-trading

   financial assets and liabilities and available-for-sale financial assets

18,784

Other non-operating income/expenses other than above items

-14,249

Income tax

-4,511

Minority interests (after tax)

-1,729

Total

12,182

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

598,071

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

Number of

tradable shares

not subject to trading

moratorium held

Name of shareholders (in full)

as at the end of period

Class

Aluminum Corporation of China

5,214,407,195

RMB denominated ordinary shares

HKSCC Nominees Limited

3,926,280,518

Overseas listed foreign shares

China Cinda Assets Management

   Corporation

800,759,074

RMB denominated ordinary shares

China Construction Bank

   Corporation Limited

703,437,136

RMB denominated ordinary shares

Guokai Financial Limited Company

425,858,145

RMB denominated ordinary shares

Baotou Aluminum (Group) Co., Ltd.

350,237,795

RMB denominated ordinary shares

Lanzhou Aluminum Factory

79,472,482

RMB denominated ordinary shares

Guizhou Provincial Materials

   Development and

   Investment Corporation

71,640,000

RMB denominated ordinary shares

Guangxi Investment Group Co., Ltd.

34,192,044

RMB denominated ordinary shares

ICBC - Shanghai 50 ETF Index

   Securities Investment Fund

15,755,452

RMB denominated ordinary shares

3

SIGNIFICANT EVENTS

3.1

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

Applicable

Not Applicable

1.

Loss on assets impairment decreased by 176% as compared with the same period last year, mainly attributable to the recovery of receivables from the provision for bad debts during the period;

2.

Gains on fair value changes decreased by 102% as compared with the same period last year, mainly attributable to the increase in the floating loss from the futures business during the period;

3.

Net profit attributable to the owners of the parent company decreased by 47% as compared with the same period last year, mainly due to the weakened profitability caused by the increase in the costs of major products arising from the surging prices of raw and ancillary materials and fuel;

4.

Accounts receivable increased by 102% as compared with the same period last year, mainly attributable to the increase in loans receivable from associated and third party companies under the impact of the marketing and credit policy of the Company;

5.

Prepayments increased by 84% as compared with the same period last year, mainly due to the increase in prepayments for raw and ancillary materials during the period;

6.

Short-term borrowings increased by 57% as compared with the same period last year, mainly due to the short-term borrowings incurred during the period;

7.

Held-for-trading financial liabilities increased by 278% as compared with the same period last year, mainly due to the increase in the floating loss from the futures business during the period;

8.

Bills payable increased by 42% as compared with the same period last year, mainly due to the increased bill settlement by the Group during the period;

9.

Payments received in advance increased by 51% as compared with the same period last year, mainly due to the increase in payments received in advance under the contracts during the period;

10.

Other current liabilities decreased by 48% as compared with the same period last year, mainly attributable to the repayment of the short-term financing bonds with a value of RMB5.3 billion during the period;

11.

Foreign currency translation difference increased by 44% as compared with the same period last year, mainly due to the change in the value of the net assets of the overseas subsidiaries denominated in AUD as a result of the change in the exchange rate of AUD against RMB.

3.2

Progress of significant events and effects thereof and analysis on solutions

Applicable

Not Applicable

3.3

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

Applicable

Not Applicable

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

Applicable

Not Applicable

3.5

Implementation of cash dividend policy during the reporting period

In accordance with the IFRS, the Company proposed to withdraw 35% of the profit for the year (after tax) and distribute the dividend for 2010 of RMB0.0114 per share (tax inclusive) in cash to shareholders, totaling RMB154 million. The proposal of this final dividend distribution is subject to the approval at the forthcoming annual general meeting of the Company.

There was no payment of cash dividend during the reporting period.

Aluminum Corporation of China Limited*

Legal representative: Xiong Weiping

21 April 2011

4

APPENDICES

4.1

Consolidated Balance Sheet

As at 31 March 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

   Cash and cash equivalents

10,640,042

9,495,645

   Settlement reserve

   Placements with banks and other

      financial institutions

   Held-for-trading financial assets

20,518

17,208

   Bills receivable

2,227,851

1,981,570

   Accounts receivable

2,603,782

1,288,403

   Prepayments

3,962,649

2,151,423

   Premiums receivable

   Receivables from reinsurers

   Deposits receivable from

      reinsurance agreements

   Interest receivable

   Dividends receivable

50,642

   Other receivables

1,462,046

1,641,904

   Purchases of resold financial assets

   Inventories

23,579,188

21,780,047

   Non-current assets due within one year

28,000

154,270

   Other current assets

2,942,552

2,814,077

   Total current assets

47,517,270

41,324,547

Non-current assets:

   Entrusted loans and advances granted

   Financial assets available for sale

   Held-to-maturity investments

   Long-term receivables

   Long-term equity investments

2,704,331

2,248,054

   Investment properties

   Fixed assets

71,409,312

72,721,863

   Construction in progress

19,303,021

17,785,906

   Construction materials

309,570

270,903

   Disposals of fixed assets

   Biological assets for production

   Oil and gas assets

   Intangible assets

2,906,094

2,852,086

   Development expenses

   Goodwill

2,362,735

2,362,735

   Long-term deferred expenditures

163,701

139,454

   Deferred income tax assets

1,359,744

1,410,781

   Other non-current assets

180,965

205,710

   Total non-current assets

100,699,473

99,997,492

Total assets

148,216,743

141,322,039

Current liabilities:

   Short-term borrowings

32,250,569

20,589,680

   Borrowings from central bank

   Deposit taking and deposit

      in inter-bank market

   Placements from banks and

      other financial institutions

   Held-for-trading financial liabilities

32,329

8,559

   Bills payable

2,894,431

2,037,042

   Accounts payable

4,394,326

4,339,300

   Payments received in advance

1,490,160

988,740

   Disposal of repurchased financial assets

   Handling charges and

      commissions payable

   Staff remuneration payable

654,611

635,995

   Taxes payable

483,119

486,782

   Interest payable

404,054

359,990

   Dividends payable

89,847

89,272

   Other payables

4,077,050

4,916,412

   Reinsurance accounts payable

   Deposits for insurance contracts

   Agent brokerage fee

   Agent underwriting fee

   Non-current liabilities due

      within one year

10,255,592

10,408,078

   Other current liabilities

5,659,272

10,873,697

Total current liabilities

62,685,360

55,733,547

Non-current liabilities:

   Long-term borrowings

18,326,584

18,807,664

   Debentures payable

8,925,741

8,916,203

   Long-term payables

16,710

16,710

   Special payables

335,666

293,972

   Projected liabilities

   Deferred income tax liabilities

   Other non-current liabilities

282,275

367,088

   Total non-current liabilities

27,886,976

28,401,637

Total liabilities

90,572,336

84,135,184

Owner's equity

   (or shareholder's equity):

   Paid-up capital (or share capital)

13,524,488

13,524,488

   Capital reserve

13,649,877

13,627,580

   Less: Treasury stock

   Special reserve

76,876

72,579

   Surplus reserve

5,867,346

5,867,557

   General risk provision

   Retained profit

18,861,421

18,530,036

   Foreign currency translation differences

-20,361

-14,093

   Total owner's equity attributable to the

      parent company

51,959,647

51,608,147

   Minority interests

5,684,760

5,578,708

   Total owner's equity

57,644,407

57,186,855

Total liabilities and owner's equity

148,216,743

141,322,039

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

Balance Sheet of the Parent Company

As at 31 March 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

   Cash and cash equivalents

6,013,114

5,400,828

   Held-for-trading financial assets

4,881

0

   Bills receivable

1,150,328

1,233,870

   Accounts receivable

2,258,757

1,356,162

   Prepayments

1,033,198

509,588

   Interest receivable

   Dividends receivable

199,059

141,651

   Other receivables

4,628,420

4,360,996

   Inventories

11,521,447

11,244,601

   Non-current assets due within one year

28,000

28,000

   Other current assets

723,781

731,426

Total current assets

27,560,985

25,007,122

Non-current assets:

   Financial assets available for sale

   Held-to-maturity investments

   Long-term receivables

   Long-term equity investments

14,711,062

13,895,912

   Investment properties

   Fixed assets

44,957,382

45,820,236

   Construction in progress

12,537,398

11,621,071

   Construction materials

209,615

198,082

   Disposal of fixed assets

   Biological assets for production

   Oil and gas assets

   Intangible assets

1,233,976

1,217,184

   Development expenses

   Goodwill

2,330,945

2,330,945

   Long-term deferred expenditures

61,551

57,622

   Deferred income tax assets

897,101

940,422

   Other non-current assets

180,965

180,965

   Total non-current assets

77,119,995

76,262,439

Total assets

104,680,980

101,269,561

Current liabilities:

   Short-term borrowings

15,745,000

7,000,000

   Held-for-trading financial liabilities

4,876

4,876

   Bills payable

34,821

33,490

   Accounts payable

2,308,720

2,388,614

   Payments received in advance

236,313

299,476

   Staff remuneration payables

405,244

396,039

   Taxes payable

305,430

268,303

   Interest payable

348,779

307,477

   Dividends payable

   Other payables

2,581,463

2,949,082

   Non-current liabilities due

      within one year

7,777,105

7,777,105

   Other current liabilities

5,251,396

10,171,911

Total current liabilities

34,999,147

31,596,373

Non-current liabilities:

   Long-term borrowings

8,690,277

8,860,277

   Debentures payable

8,925,741

8,916,203

   Long-term payables

16,710

16,710

   Special payables

223,214

181,520

   Projected liabilities

   Deferred income tax liabilities

   Other non-current liabilities

200,451

256,730

   Total non-current liabilities

18,056,393

18,231,440

Total liabilities

53,055,540

49,827,813

Owner's equity

   (or shareholder's equity):

   Paid-up capital (or share capital)

13,524,488

13,524,488

   Capital reserve

14,273,610

14,251,314

   Less: Treasury stock

   Special reserve

32,922

29,584

   Surplus reserve

5,867,558

5,867,557

   General risk provision

   Retained profit

17,926,862

17,768,805

   Total owner's equity

      (or shareholder's equity)

51,625,440

51,441,748

   Total liabilities and owners' equity

      (or shareholder's equity)

104,680,980

101,269,561

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

4.2

Consolidated income statement

January-March 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Total operating revenue

28,233,536

29,059,024

Including:

Operating revenue

28,233,536

29,059,024

Interest income

Premiums earned

Handling charges and

   commission income

2.

Total cost of operations

27,817,027

28,358,181

Including:

Operating cost

26,107,613

26,647,568

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

76,155

80,148

Selling expenses

373,797

385,595

Administrative expenses

574,009

600,057

Finance expenses

685,690

644,502

Loss on assets impairment

-237

311

Add:

Gains on fair value changes

   (loss stated with "-")

-460

29,042

Investment income

   (loss stated with "-")

152,307

135,584

Including:

Investment income

   from associated

   companies and

   jointly

   controlled

   entities

133,063

149,093

Foreign currency exchange

   gains (loss stated with "-")

3.

Operating profit

   (loss stated with "-")

568,356

865,469

Add:

Non-operating income

17,215

47,283

Less:

Non-operating expenses

17,576

4,291

Including:

Net loss from

   disposal of non-

   current assets

322

394

4.

Total profit

   (total loss stated with "-")

567,995

908,461

Less:

Income tax expenses

130,195

171,594

5.

Net profit (net loss stated with "-")

437,800

736,867

Net profit attributable to owners of the

   parent company

331,174

627,249

Minority interests

106,626

109,618

6.

Earnings per share:

(i)

Basic earnings per share

0.024

0.0464

(ii)

Diluted earnings per share

0.024

0.0464

7.

Other comprehensive income

-6,268

7,144

8.

Total comprehensive income

431,532

744,011

Total comprehensive income attributable

   to owners of the Parent Company

324,906

634,393

Total comprehensive income attributable

   to minority shareholders

106,626

109,618

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

Income Statement of the Parent Company

January-March 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Operating revenue

11,162,176

10,978,867

Less:

Operating costs

10,023,426

9,681,264

Business tax and surcharges

54,532

53,516

Selling expenses

217,046

227,557

Administrative expenses

355,846

376,962

Finance expenses

375,522

360,323

Loss on assets impairment

-255

489

Add:

Gains on fair value changes

   (loss stated with "-")

4,881

29,952

Investment income

   (loss stated with "-")

60,091

110,600

Including:

Investment income

   from associated

   companies and

   jointly

   controlled

   entities

54,071

95,928

2.

Operating profit (loss stated with "-")

201,031

419,308

Add:

Non-operating income

3,172

23,663

Less:

Non-operating expenses

2,827

2,524

Including:

Loss from disposal

   of non-current

   assets

183

386

3.

Total profit (total loss stated with "-")

201,376

440,447

Less:

Income tax expenses

43,320

92,085

4.

Net profit (net loss stated with "-")

158,056

348,362

5.

Earnings per share:

(i)

Basic earnings per share

(ii)

Diluted earnings per share

6.

Other comprehensive income

7.

Total comprehensive income

158,056

348,362

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

4.3

Consolidated Cash Flow Statement

January-March 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Cash flow from operating activities:

Cash received from product sales and

   rendering of services

34,692,115

31,778,198

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

126,399

0

Other cash received relating to operating

   activities

87,595

65,338

Sub-total of cash inflow from operating

   activities

34,906,109

31,843,536

Cash paid for purchase of goods and

   receipt of services

32,907,239

29,359,511

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

1,534,848

1,294,732

Taxes and surcharges paid

878,031

756,134

Other cash paid relating to operating

   activities

864,857

539,153

Sub-total of cash outflow from operating

   activities

36,184,975

31,949,530

Net cash flow from operating activities

-1,278,866

-105,994

2.

Cash flows from investment activities:

Cash received from disposal of

   investments

Cash received from returns on

   investments

44,635

39,547

Net cash received from disposal of fixed

   assets, intangible assets and other

   long-term assets

35,476

6,157

Net cash received from disposal of

   subsidiaries and other operating

   entities

Other cash received relating to

   investment activities

142,875

48,643

Sub-total of cash inflow from investment

   activities

222,986

94,347

Cash paid to acquire fixed assets,

   intangible assets and other long-term

   assets

2,201,273

2,072,812

Cash paid for investments

426,390

0

Net increase in pledged loans

Net cash paid for the acquisition of

   subsidiaries and other operating entities

Other cash paid relating to investment

   activities

50,000

0

Sub-total of cash outflow from

   investment activities

2,677,663

2,072,812

Net cash flows from

   investment activities

-2,454,677

-1,978,465

3.

Cash flow from financing activities:

Proceeds received from investments

0

62,249

Including:

Proceeds received by

   subsidiaries from minority

   shareholders' investment

0

62,249

Cash received from borrowings

22,664,687

10,567,044

Cash received from issue of debentures

0

5,300,000

Other cash received relating to financing

   activities

Sub-total of cash inflow from financing

   activities

22,664,687

15,929,293

Cash paid for repayment

16,937,365

12,056,233

Cash paid for dividend and profit

   distribution or interest repayment

833,385

719,014

Including:

Dividend and profit paid by

   subsidiaries to minority

   shareholders

0

52,323

Other cash paid relating to financing

   activities

0

18,415

Sub-total of cash outflow from financing

   activities

17,770,750

12,793,662

Net cash flows from

   financing activities

4,893,937

3,135,631

4.

Effect on cash and cash equivalents

   due to changes in foreign currency

   exchange rate

-15,997

-12,254

5.

Net increase in cash and cash

   equivalents

1,144,397

1,038,918

Add:

Balance of cash and cash

   equivalents at the beginning

   of the period

8,982,710

7,545,303

6.

Balance of cash and cash equivalents

   at the end of the period

10,127,107

8,584,221

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

Cash Flow Statement of the Parent Company

January-March 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for the

corresponding

Amount for

period of the

Items

the period

previous year

1.

Cash flow from operating activities:

Cash received from product sales and

   rendering of services

12,429,961

11,667,992

Refund of tax and levies received

Other cash received relating to operating

   activities

16,216

32,150

Sub-total of cash inflow from operating

   activities

12,446,177

11,700,142

Cash paid for purchase of goods and

   receipt of services

10,668,284

9,524,008

Cash paid to and on behalf of employees

1,122,389

996,539

Taxes and surcharges paid

593,771

352,301

Other cash paid relating to operating

   activities

309,305

264,837

Sub-total of cash outflow from operating

   activities

12,693,749

11,137,685

Net cash flow from operating activities

-247,572

562,457

2.

Cash flows from investment activities:

Cash received from disposal of

   investments

Cash received from returns on

   investments

56,020

14,671

Net cash received from disposal of

   fixed assets, intangible assets

   and other long-term assets

29,732

231

Net cash received from disposal of

   subsidiaries and other

   operating entities

Other cash received relating to

   investment activities

63,990

0

Sub-total of cash inflow from investment

   activities

149,742

14,902

Cash paid to acquire fixed assets,

   intangible assets and other long-term

   assets

1,490,647

1,171,716

Cash paid for investments

865,534

271,324

Net cash paid for the acquisition of

   subsidiaries and other operating

   entities

Other cash paid relating to investment

   activities

50,000

0

Sub-total of cash outflow from

   investment activities

2,406,181

1,443,040

Net cash flows from

   investment activities

-2,256,439

-1,428,138

3.

Cash flows from financing activities:

Proceeds received from investments

Cash received from borrowings

11,715,000

4,725,000

Cash received from issue of debentures

Other cash received relating to financing

   activities

5,000,000

Sub-total of cash inflow from financing

   activities

11,715,000

9,725,000

Cash paid for repayment

8,140,000

7,798,370

Cash paid for dividend and profit

   distribution or interest repayment

460,397

303,662

Other cash paid relating to financing

   activities

0

15,000

Sub-total of cash outflow from financing

   activities

8,600,397

8,117,032

Net cash flows from

   financing activities

3,114,603

1,607,968

4.

Effect on cash and cash equivalents

   due to changes in foreign currency

   exchange rate

1,693

2,185

5.

Net increase in cash and cash

   equivalents

612,285

744,472

Add:

Balance of cash and cash

   equivalents at the beginning

   of the period

5,343,707

4,382,291

6.

Balance of cash and cash equivalents

   at the end of the period

5,955,992

5,126,763

Company Legal

Person-in-charge

Head of Accounting

Representative:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

By order of the Board

Aluminum Corporation of China Limited*

Liu Qiang

Company Secretary

Beijing, the PRC

21 April 2011

As at the date of this announcement, the members of the Board of Directors comprise Mr. Xiong Weiping, Mr. Luo Jianchuan and Mr. Liu Xiangmin (Executive Directors); Mr. Shi Chungui and Mr. Lv Youqing (Non-executive Directors); Mr. Zhang Zhuoyuan, Mr. Wang Mengkui and Mr. Zhu Demiao (Independent Non-executive Directors).

About the Company

Our contact information of this release is:

*

Business address: No. 62 North Xizhimen Street, Haidian District, Beijing, People's Republic of China, 100082

*

Telephone number: (86-10) 8229 8103

*

Website: http://www.chalco.com.cn

*

Contact person: Liu Qiang, Company Secretary