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  October 25, 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 statement or material omission. All of them jointly and severally accept 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 third 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 accounting data and financial indicators

Currency: RMB

Change from

The end of the

The end of the

the end of

reporting period

previous year

the previous year

(%)

Total assets (Thousand RMB)

154,535,242.00

141,322,039.00

9.35

Owner's equity

   (or shareholders' equity)

   (Thousand RMB)

52,560,043.00

51,608,147.00

1.84

Net assets per share attributable to

   shareholders of the listed Company

   (RMB per share)

3.89

3.82

1.83

From the beginning

of the year to

the end of

the reporting period

Change from

(January to

the same period

September)

last year

(%)

Net cash flow from operating activities

   (Thousand RMB)

3,640,593.00

-32.77

Net cash flow per share generated from

   operating activities (RMB per share)

0.27

-32.77

From the beginning

of the year to

the end of the

The reporting

reporting period

Change from

period (July to

(January to

the same period

September)

September)

last year

(%)

Net profit attributable to shareholders

   of the Company (Thousand RMB)

554,987.00

967,567.00

N/A

Basic earnings per share

   (RMB per share)

0.042

0.072

N/A

Basic profit per share after

   non-recurring profit and loss

   (RMB per share)

0.016

0.039

N/A

Diluted earnings per share

   (RMB per share)

0.041

0.072

N/A

Return on net assets

   (weighted average) (%)

1.05

1.84

N/A

Return on net assets after

   non-recurring profit and loss

   (weighted average) (%)

0.39

1.00

N/A

Deducting non-recurring profit and loss items and amount:

Unit: RMB'000   Currency: RMB

Amount from

the beginning of

the year to

the end of

the reporting

period (January

Items

to September)

Profit and loss from disposal of non-current assets

11,985

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 unified national standards)

38,003

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

486,426

Written back of the provision for impairment of

   accounts receivable that is individually tested for impairment

23,902

Other non-operating income and expenses other than above items

-8,676

Other non-recurring profit and loss items

11,576

Impact on income tax

-126,027

Impact on minority interests (after tax)

2,666

Total

439,855

2.2

Total 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 the reporting period

563,883

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

Name of shareholders (in full)

of the period

Class

Aluminum Corporation of China

5,214,407,195

RMB denominated ordinary shares

HKSCC Nominees Limited

3,925,476,778

Overseas listed foreign shares

China Cinda Assets Management Corporation

800,759,074

RMB denominated ordinary shares

China Construction Bank Corporation Limited

686,895,697

RMB denominated ordinary shares

Guokai Financial Limited Company

425,168,145

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

69,149,065

RMB denominated ordinary shares

    Investment Corporation

ICBC - Shanghai 50 ETF Index Securities Investment Fund

25,732,505

RMB denominated ordinary shares

Bank of Communications - E Fund

20,763,712

RMB denominated ordinary shares

   50 Index Securities Investment Fund

3

SIGNIFICANT EVENTS

3.1

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

Applicable

Not Applicable

1.

Gains from changes in fair value increased by 92%, mainly attributable to the increase in the floating gains from the futures business of the Group.

2.

Operating profit increased by 143%, mainly attributable to the increase in the sales and gross profit of principal products of the Group.

3.

Non-operating income decreased by 54%, mainly attributable to the decrease in the government subsidies received by the Group as compared with the same period last year.

4.

Non-operating expenses decreased by 48%, mainly attributable to the decrease in expenses for donation of the Group as compared with the same period last year.

5.

Total profit increased by 115%, mainly attributable to the increase in sales and gross profit of principal products of the Group.

6.

Income tax expenses increased by 143%, mainly attributable to the significant increase in earnings of the Group.

7.

Net profit increased by 109%, mainly attributable to the increase in sales and gross profit of principal products of the Group.

8.

Net profit attributable to owners of the parent company increased by 134%, mainly attributable to the increase in sales and gross profit of principal products of the Group.

9.

Minority interests increased by 71%, mainly attributable to the increase in sales and gross profit of principal products.

10.

Financial assets available for sale increased by 645%, mainly attributable to the increase in the floating gains from the futures business of the Group.

11.

Bills receivable increased by 78%, mainly attributable to the increase in notes collected during sales collection given a tightened monetary market.

12.

Accounts receivable increased by 160%, mainly attributable to the increase in unsettled amount of sales given a tightened monetary market.

13.

Prepayments increased by 146%, mainly attributable to the increase in prepayments for procurement by the Group with a view to securing a stable market supply and expanding its business.

14.

Non-current assets due within one year decreased by 82%, mainly attributable to the collection of deposits upon execution of contracts.

15.

Long-term equity investments increased by 46%, mainly attributable to the increase in investments in associated companies and joint ventures as well as investment gain.

16.

Intangible assets increased by 36%, mainly attributable to the increase in mine exploration rights.

17.

Long-term deferred expenditures increased by 133%, mainly attributable to the recognition of expenditures of mine exploitation for the period.

18.

Short-term borrowings increased by 52%, mainly attributable to the increase in external debt financing by means of short-term borrowings.

19.

Bills payable increased by 83%, mainly attributable to a proper increase in bill settlement methods during procurement in response to the tightened monetary market.

20.

Accounts payable increased by 52%, mainly attributable to a proper reduction of cash settlement during procurement in response to the tightened monetary market.

21.

Payment received in advance increased by 40%, mainly attributable to the increase in payment received in advance in respect of aluminum oxide and aluminum ingots.

22.

Interests payable increased by 33%, mainly attributable to the increase in the size of loans and loan interest rates.

23.

Non-current liabilities due within one year decreased by 67%, mainly attributable to the repayment of long-term borrowings that are due within one year.

24.

Debentures payable increased by 65%, mainly attributable to the issue of RMB5.0 billion medium-term notes and RMB800 million corporate bonds.

25.

Long-term payables decreased by 50%, mainly attributable to the settlement of long-term mine exploitation payables.

26.

Special payables decreased by 45%, mainly attributable to special payables being carried over to capital reserves upon completion of certain projects for the period.

27.

Special reserve increased by 45%, mainly attributable to the amount of provisions made for production safety fees for the period.

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

During the A share issue of the Company, Chinalco undertook to sell to the Company the pseudo-boehmite business within a certain period of time following the listing of the Company's A shares.

Both Shanxi Aluminum Plant, a wholly-owned subsidiary of Chinalco, and the Shandong branch of the Company had minor activities in relation to the pseudo-boehmite business. However, as the pseudo-boehmite business was not among the principal activities of the Company, the revenue from this segment made up an insignificant portion of the Company's revenue. Further, the sales locations of pseudo-boehmite of Shandong branch and Shanxi Aluminum Plant are different. In this regard, the competition between Chinalco and the Company in respect of pseudo-boehmite business is limited. As at the date of this report, Chinalco's pseudo-boehmite business has not met the requirement of injection into the Company in terms of profitability and property ownership. The Company will complete the acquisition of such business when the conditions become mature.

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

The terms for the distribution of cash dividend were prescribed in the articles of association of the Company (the "Articles"): the Company should implement proactive methods of profit distribution and give priority to cash dividends.

The proposal for final dividend distribution of the Company for the year 2010 was considered and approved at the 2010 Annual General Meeting on 31 May 2011, pursuant to which a cash dividend of RMB0.0114 (tax inclusive) per share was distributed on 27 July 2011.

Aluminum Corporation of China Limited*

Legal representative: Xiong Weiping

4

APPENDICES

4.1

Consolidated Balance Sheet

As at 30 September 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand, RMB Unaudited

Items

Closing balance

Opening balance

Current assets:

   Cash and cash equivalents

10,306,951

9,495,645

   Settlement reserve

   Placements with banks and

      other financial institutions

   Held-for-trading financial assets

128,273

17,208

   Bills receivable

3,532,216

1,981,570

   Accounts receivable

3,344,696

1,288,403

   Prepayments

5,299,493

2,151,423

   Premiums receivable

   Receivables from reinsurers

   Deposits receivable from

      reinsurance agreements

   Interest receivable

   Dividends receivable

   Other receivables

2,060,433

1,641,904

   Purchases of resold financial assets

   Inventories

23,072,417

21,780,047

   Non-current assets due within one year

28,000

154,270

   Other current assets

3,338,267

2,814,077

Total current assets

51,110,746

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

3,287,091

2,248,054

   Investment properties

   Fixed assets

72,320,413

72,721,863

   Construction in progress

19,645,929

17,785,906

   Construction materials

190,555

270,903

   Disposals of fixed assets

   Biological assets for production

   Oil and gas assets

   Intangible assets

3,872,975

2,852,086

   Development expenses

   Goodwill

2,362,735

2,362,735

   Long-term deferred expenditures

325,301

139,454

   Deferred income tax assets

1,268,862

1,410,781

   Other non-current assets

150,635

205,710

   Total non-current assets

103,424,496

99,997,492

Total assets

154,535,242

141,322,039

Current liabilities:

   Short-term borrowings

31,387,344

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

7,425

8,559

   Bills payable

3,733,111

2,037,042

   Accounts payable

6,577,775

4,339,300

   Payments received in advance

1,384,237

988,740

   Disposal of repurchased financial assets

   Handling charges and commissions payable

   Staff remuneration payable

698,426

635,995

   Taxes payable

462,988

486,782

   Interest payable

477,632

359,990

   Dividends payable

89,847

89,272

   Other payables

4,185,381

4,916,412

   Reinsurance accounts payable

   Deposits for insurance contracts

   Agent brokerage fee

   Agent underwriting fee

   Non-current liabilities due within one year

3,452,017

10,408,078

   Other current liabilities

10,017,320

10,873,697

Total current liabilities

62,473,503

55,733,547

Non-current liabilities:

   Long-term borrowings

17,977,503

18,807,664

   Debentures payable

14,700,968

8,916,203

   Long-term payables

8,330

16,710

   Special payables

163,056

293,972

   Projected liabilities

   Deferred income tax liabilities

   Other non-current liabilities

393,745

367,088

   Total non-current liabilities

33,243,602

28,401,637

Total liabilities

95,717,105

84,135,184

Owner's equity (or shareholder's equity):

   Paid-up capital (or share capital)

13,524,488

13,524,488

   Capital reserve

13,736,616

13,627,580

   Less: Treasury stock

   Special reserve

105,207

72,579

   Surplus reserve

5,867,557

5,867,557

   General risk provision

   Retained profit

19,343,751

18,530,036

   Foreign currency translation differences

-17,576

-14,093

   Total owner's equity attributable to

      the parent company

52,560,043

51,608,147

   Minority interests

6,258,094

5,578,708

   Total owner's equity

58,818,137

57,186,855

Total liabilities and owner's equity

154,535,242

141,322,039

Legal Representative

Person-in-charge

Head of Accounting

of the Company:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

Balance Sheet of the Parent Company

As at 30 September 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

   Cash and cash equivalents

3,804,580

5,400,828

   Held-for-trading financial assets

64,297

0

   Bills receivable

1,797,506

1,233,870

   Accounts receivable

2,614,029

1,356,162

   Prepayments

1,242,981

509,588

   Interest receivable

   Dividends receivable

127,374

141,651

   Other receivables

4,153,855

4,360,996

   Inventories

12,676,041

11,244,601

   Non-current assets due within one year

28,000

28,000

   Other current assets

1,508,350

731,426

Total current assets

28,017,013

25,007,122

Non-current assets:

   Financial assets available for sale

   Held-to-maturity investments

   Long-term receivables

   Long-term equity investments

16,249,578

13,895,912

   Investment properties

   Fixed assets

43,891,413

45,820,236

   Construction in progress

14,952,479

11,621,071

   Construction materials

134,790

198,082

   Disposal of fixed assets

   Biological assets for production

   Oil and gas assets

   Intangible assets

1,613,025

1,217,184

   Development expenses

   Goodwill

2,330,945

2,330,945

   Long-term deferred expenditures

201,011

57,622

   Deferred income tax assets

894,826

940,422

   Other non-current assets

180,431

180,965

   Total non-current assets

80,448,498

76,262,439

Total assets

108,465,511

101,269,561

Current liabilities:

   Short-term borrowings

15,590,000

7,000,000

   Held-for-trading financial liabilities

0

4,876

   Bills payable

10,000

33,490

   Accounts payable

2,568,288

2,388,614

   Payments received in advance

272,763

299,476

   Staff remuneration payables

445,252

396,039

   Taxes payable

235,545

268,303

   Interests payable

424,088

307,477

   Dividends payable

   Other payables

2,676,273

2,949,082

   Non-current liabilities due within one year

662,555

7,777,105

   Other current liabilities

10,015,354

10,171,911

Total current liabilities

32,900,118

31,596,373

Non-current liabilities:

   Long-term borrowings

9,477,502

8,860,277

   Debentures payable

13,905,691

8,916,203

   Long-term payables

8,330

16,710

   Special payables

159,804

181,520

   Projected liabilities

   Deferred income tax liabilities

   Other non-current liabilities

288,329

256,730

   Total non-current liabilities

23,839,656

18,231,440

Total liabilities

56,739,774

49,827,813

Owner's equity (or shareholder's equity):

   Paid-up capital (or share capital)

13,524,488

13,524,488

   Capital reserve

14,251,840

14,251,314

   Less: Treasury stock

   Special reserve

53,669

29,584

   Surplus reserve

5,867,557

5,867,557

   General risk provision

   Retained profit

18,028,183

17,768,805

Total owner's equity

   (or shareholder's equity)

51,725,737

51,441,748

Total liabilities and owners' equity

   (or shareholder's equity)

108,465,511

101,269,561

Legal Representative

Person-in-charge

Head of Accounting

of the Company:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

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

of year to

to the end of

the end of the

the reporting

Amount for

Amount for

reporting

period of the

the period

the previous

period

previous year

(July to

year (July to

(January

(January to

Items

September)

September)

to September)

September)

1.

Total operating revenue

41,644,993

28,794,263

107,614,742

88,572,732

Including:

Operating revenue

41,644,993

28,794,263

107,614,742

88,572,732

Interest income

Premiums earned

Handling charges

   and commission income

2.

Total cost of operations

41,203,774

29,035,325

106,805,555

88,550,425

Including:

Operating cost

39,095,618

27,479,116

100,808,145

83,193,278

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

93,990

81,686

259,355

253,371

Selling expenses

405,353

369,440

1,166,860

1,157,522

Administrative expenses

692,166

483,233

1,860,285

1,722,458

Finance expenses

821,934

624,282

2,342,399

1,922,756

Loss on asset impairment

94,713

-2,432

368,511

301,040

Add:

Gains on fair value changes

   (loss stated with "-")

103,503

-26,711

126,560

65,892

Investment income

   (loss stated with "-")

424,419

122,679

823,269

634,904

Including:

Investment income

   from associated companies

   and joint ventures

116,649

91,214

447,540

362,600

Foreign currency exchange gains

   (loss stated with "-")

3.

Operating profit (loss stated with "-")

969,141

-145,094

1,759,016

723,103

Add:

Non-operating income

24,719

55,338

75,150

164,022

Less:

Non-operating expenses

13,221

13,951

22,517

42,963

Including:

Net loss from disposal

   of non-current assets

1,523

1,080

3,192

7,718

4.

Total profit (total loss stated with "-")

980,639

-103,707

1,811,649

844,162

Less:

Income tax expenses

221,340

-310

360,520

148,587

5.

Net profit (net loss stated with "-")

759,299

-103,397

1,451,129

695,575

Net profit attributable to owners

   of the parent company

554,987

-117,807

967,567

412,789

Minority interests

204,312

14,410

483,562

282,786

6.

Earnings per share:

(i)   Basic earnings per share

0.042

-0.009

0.072

0.031

(ii)   Diluted earnings per share

0.041

-0.009

0.072

0.031

7.

Other comprehensive income

12,191

84,310

-3,483

39,726

8.

Total comprehensive income

781,859

-19,087

1,458,016

735,301

Total comprehensive income

   attributable to owners of

   the Parent Company

593,222

-33,497

990,128

452,515

Total comprehensive

   income attributable to

   minority shareholders

188,637

14,410

467,888

282,786

Legal Representative

Person-in-charge

Head of Accounting

of the Company:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

Income Statement of the Parent Company

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

From the

beginning of the

From the

previous year

beginning

to the end of

of the year to

the reporting

the end of

period of

Amount for

Amount for

the reporting

the previous

the period

the previous

period

year

(July to

year (July to

(January to

(January to

Items

September)

September)

September)

September)

1.

Operating revenue

12,679,416

10,619,404

35,512,388

32,859,325

Less:

operating costs

11,358,926

10,106,111

31,961,116

29,901,935

Business tax and surcharges

53,255

55,207

156,589

167,704

Selling expenses

253,972

210,376

691,564

686,671

Administrative expenses

419,970

307,094

1,132,358

1,105,543

Finance expenses

457,678

321,147

1,311,228

1,068,595

Loss on assets impairment

-375

-1,874

246,580

87,270

Add:

Gains on fair value changes

   (loss stated with "-")

64,119

250

69,174

29,585

Investment income

   (loss stated with "-")

169,589

484,780

357,527

689,204

Including:

Investment income

   from associated companies

   and joint ventures

40,934

22,050

197,171

189,439

2.

Operating profit (loss stated with "-")

369,698

106,373

439,654

560,396

Add:

Non-operating income

18,154

45,502

35,633

89,005

Less:

Non-operating expenses

9,140

8,408

16,463

28,950

Including:

Net loss from disposal

   of non-current assets

1,378

161

2,903

6,572

3.

Total profit (total loss stated with "-")

378,712

143,467

458,824

620,451

Less:

Income tax expenses

77,246

104,638

45,595

142,589

4.

Net profit (net loss stated with "-")

301,466

38,829

413,229

477,862

5.

Earnings per share:

(i)   Basic earnings per share

(ii)   Diluted earnings per share

6.

Other comprehensive income

7.

Total comprehensive income

301,466

38,829

413,229

477,862

Legal Representative

Person-in-charge

Head of Accounting

of the Company:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

4.3

Consolidated Cash Flow Statement

January to September 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

From the

From the

beginning of the

beginning of

previous year to

the year to

the end of the

the end of

reporting period

the reporting

of the previous

period (January

year (January

Items

to September)

to September)

1.

Cash flow from operating activities:

Cash received from product sales and

   rendering of services

129,321,813

107,596,248

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

308,603

123,925

Other cash received relating

   to operating activities

179,125

213,858

Sub-total of cash inflow

   from operating activities

129,809,541

107,934,031

Cash paid for purchase of

   goods and receipt of services

115,999,906

93,592,513

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

4,593,760

4,678,102

Taxes and surcharges paid

3,059,520

2,481,205

Other cash paid relating to operating activities

2,515,762

1,767,106

Sub-total of cash outflow from

   operating activities

126,168,948

102,518,926

Net cash flow from operating activities

3,640,593

5,415,105

2.

Cash flows from investment activities:

Cash received from disposal of investments

0

510,826

Cash received from returns on investments

125,499

1,520

Net cash received from disposal of fixed assets,

   intangible assets and other long-term assets

63,019

131,429

Net cash received from disposal of subsidiaries

   and other operating entities

Other cash received relating to

   investment activities

484,549

429,605

Sub-total of cash inflow from

   investment activities

673,067

1,073,380

Cash paid to acquire fixed assets,

   intangible assets and other long-term assets

6,931,045

6,082,775

Cash paid for investment

1,149,562

781,569

Net increase in pledged loans

Net cash paid for acquisition of

   subsidiaries and other operating entities

0

-22,893

Other cash paid relating to investment activities

148,192

697,166

Sub-total of cash outflow from

   investment activities

8,228,799

7,538,617

Net cash flows from investment activities

-7,555,732

-6,465,237

3.

Cash flow from financing activities:

Proceeds received from investments

0

201,040

Including:

Proceeds received by subsidiaries

   from minority shareholders'

   investment

0

201,040

Cash received from borrowings

39,930,128

23,513,465

Cash received from issue of debentures

15,747,500

12,724,470

Other cash received relating to

   financing activities

Sub-total of cash inflow from

   financing activities

55,677,628

36,438,975

Cash paid for repayment

47,503,128

32,558,619

Cash paid for dividend and profit

   distribution or interest repayment

3,301,755

2,265,760

Including:

Dividend and profit paid

   by subsidiaries to

   minority shareholders

46,160

102,890

Other cash paid relating to financing activities

0

29,410

Sub-total of cash outflow from

   financing activities

50,804,883

34,853,789

Net cash flows from financing activities

4,872,745

1,585,186

4.

Effect on cash and cash equivalents due to

   change in foreign currency exchange rate

0

48,845

5.

Net increase in cash and cash equivalents

957,606

583,899

Add:

Balance of cash and

   cash equivalents at

   the beginning of the period

8,982,710

7,401,410

6.

Balance of cash and cash equivalents at

   the end of the period

9,940,316

7,985,309

Legal Representative

Person-in-charge

Head of Accounting

of the Company:

of Accounting:

Department:

Xiong Weiping

Liu Caiming

Lu Dongliang

Cash Flow Statement of the Parent Company

January to September 2011

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

From the

beginning of the

From the

previous year to

beginning of the

the end of the

year to the end

reporting period

of the reporting

of the previous

period (January

year (January

Items

to September)

to September)

1.

Cash flow from operating activities:

Cash received from product sales

   and rendering of services

40,548,465

35,845,084

Refund of tax and levies received

Other cash received relating to

   operating activities

73,411

126,899

Sub-total of cash inflow from

   operating activities

40,621,876

35,971,983

Cash paid for purchase of goods and

   receipt of services

33,867,650

25,494,428

Cash paid to and on behalf of employees

3,304,250

3,452,046

Taxes and surcharges paid

1,873,044

1,919,516

Other cash paid relating to operating activities

1,502,070

1,920,116

Sub-total of cash outflow from

   operating activities

40,547,014

32,786,106

Net cash flow from operating activities

74,862

3,185,877

2.

Cash flows from investment activities:

Cash received from disposal of investments

228,000

510,826

Cash received from returns on investments

231,948

68,831

Net cash received from disposal of fixed assets,

36,592

305,916

    intangible assets and other long-term assets

Net cash received from disposal of subsidiaries

    and other operating entities

Other cash received relating to

   investment activities

1,500,136

340,223

Sub-total of cash inflow from

   investment activities

1,996,676

1,225,796

Cash paid to acquire fixed assets, intangible

   assets and other long-term assets

4,891,691

3,864,631

Cash paid for investment

3,943,666

71,325

Net cash paid for acquisition of

   subsidiaries and other operating entities

50,000

826,554

Other cash paid relating to investment activities

46,264

584,166

Sub-total of cash outflow from

   investment activities

8,931,621

5,346,676

Net cash flows from investment activities

-6,934,945

-4,120,880

3.

Cash flows from financing activities:

Proceeds received from investments

Cash received from borrowings

22,795,000

7,110,000

Cash received from bond issue

14,947,500

12,049,833

Other cash received relating to

   financing activities

Sub-total of cash inflow from

   financing activities

37,742,500

19,159,833

Cash paid for repayment

30,708,575

16,925,167

Cash paid for dividend and profit

   distribution or interest repayment

1,938,281

1,083,094

Other cash paid relating to financing activities

Sub-total of cash outflow from

   financing activities

32,646,856

18,008,261

Net cash flows from financing activities

5,095,644

1,151,572

4.

Effect on cash and cash equivalents due to

   change in foreign currency exchange rate

453