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 27, 2012       

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 of the Company 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 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)

167,623,008.00

157,134,157.00

6.68

Owner's equity

   (or shareholders' equity)

   (Thousand RMB)

50,790,874.00

51,853,354.00

-2.05

Net assets per share attributable to

   shareholders of the listed Company

   (RMB per share)

3.76

3.83

-1.83

From the beginning

of the year

to the end of

Change from

the reporting

the same period

period

last year

(%)

Net cash flow from operating activities

   (Thousand RMB)

-2,030,495.00

N/A

Net cash flow per share generated from

   operating activities (RMB per share)

-0.15

N/A

From the beginning

of the year to

Change from

The reporting

the end of the

the same period

period

reporting period

last year

(%)

Net profit attributable to shareholders

   of the Company (Thousand RMB)

-1,088,439.00

-1,088,439.00

N/A

Basic earnings per share

   (RMB per share)

-0.08

-0.08

N/A

Basic profit per share after

   extraordinary gains and losses

   (RMB per share)

-0.085

-0.085

N/A

Diluted earnings per share

   (RMB per share)

-0.08

-0.08

N/A

Return on net assets

   (weighted average) (%)

-2.14

-2.14

N/A

Return on net assets after

   extraordinary gains and losses

   (weighted average) (%)

-2.27

-2.27

N/A

Deducting the gains and losses arising from extraordinary items and amount:

Unit: '000   Currency: RMB

Items

Amount

Gains and losses from disposal of non-current assets

-1,606

Government subsidies included in the gains and losses

   for the period (excluding government subsidies closely

   related to the ordinary business of the Company and

   are granted on an ongoing basis under

   the state's policies according to

   certain standard amount or quantity)

55,669

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

19,396

Written back of the provision for impairment of

   accounts receivable that is individually tested

   for impairment

2,491

Other non-operating income and expenses other

   than above items

4,453

Income tax effect

-15,664

Minority interests effect (after tax)

-2,044

Total

62,695

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

547,753

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

3,924,853,900

Overseas listed foreign shares

China Cinda Assets Management Corporation

800,759,074

RMB denominated ordinary shares

China Construction Bank Corporation Limited

660,085,357

RMB denominated ordinary shares

Guokai Financial Limited Company

425,168,145

RMB denominated ordinary shares

Baotou Aluminum (Group) Co., Ltd.

349,869,795

RMB denominated ordinary shares

Lanzhou Aluminum Factory

79,472,482

RMB denominated ordinary shares

Guizhou Provincial Materials Development and Investment Corporation

66,549,065

RMB denominated ordinary shares

Guangxi Investment Group Co., Ltd.

41,372,956

RMB denominated ordinary shares

ICBC - Shanghai 50 ETF Index Securities Investment Fund

27,944,103

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.

Business tax and surcharges decreased by 38%, mainly attributable to the decrease in gross profit as a result of the decrease in the selling price of the Group's products as well as the surge of prices of raw materials and electricity power.

2.

Financial expenses increased by 57%, mainly attributable to the increase in the size of interest-bearing liabilities of the Group as compared with last year, coupled with the increase in interest expenses following several upward adjustments to the interest rate by the State.

3.

Loss on asset impairment decreased by 951%, mainly attributable to the reversal of loss from bad debts.

4.

Loss on fair value changes increased by 1000%, mainly attributable to the decrease in gains on fair value changes arising from futures contracts held by the Group.

5.

Non-operating income increased by 301%, mainly attributable to the increase in the government subsidies received by the Group.

6.

Income tax expenses decreased by 294%, mainly attributable to the decrease in the total profit of the Group for the period.

7.

Net profit decreased by 365%, mainly attributable to the decrease in gross profit following the decrease in the selling price of the Group's products, the upward adjustment of national tariff as well as the surge of the prices of raw materials, along with simultaneous increase in the size of interest-bearing liabilities as compared with the same period last year, and the increase in interest expenses following several upward adjustments to the interest rate by the State.

8.

Cash and cash equivalents increased by 39%, mainly attributable to the increase in the amount of funding when the Group took project investment into account.

9.

Held-for-trading financial assets increased by 92%, mainly attributable to the increase in floating gains from outstanding foreign currency forward contracts of the Group as at the end of the period.

10.

Bills receivable decreased by 33%, mainly attributable to the increase in endorsement and settlement of bills which served the purpose of optimum utilization of funding of the Group.

11.

Accounts receivable increased by 70%, mainly attributable to the increase in unsettled amount of sales given a tightened monetary market.

12.

Prepayments increased by 46%, 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.

13.

Construction materials increased by 34%, mainly attributable to the increase in purchases of building materials needed for infrastructure projects of the Group.

14.

Held-for-trading financial liabilities increased by 207%, mainly attributable to the increase in floating loss from outstanding foreign currency forward contracts of the Group as at the end of the period.

15.

Bills payable increased by 36%, mainly attributable to a moderate increase in the ways of bills settlement during purchases, as part of the Group's efforts in reducing fund appropriation.

16.

Interest payable increased by 70%, mainly attributable to the increase in both the size and interest rate of fund raising.

3.2

Progress of significant events and effects thereof and analysis on solutions

Applicable

Not Applicable

Progress of the Simandou Project in Guinea

The Company entered into a joint development agreement with Rio Tinto on 29 July 2010 for the development of the Simandou Iron Ore Project. On 22 April 2011, Rio Tinto and the Government of Guinea signed a settlement agreement. The Company entered into a Side Letter to the joint development agreement with Rio Tinto on 25 October 2011 and held a founding ceremony of the Chinese consortium on 28 November 2011. On 13 March 2012, the National Development and Reform Commission approved the investment of the Chinese consortium in the Simandou Iron Ore Project in Guinea. On 23 March 2012, the Ministry of Commerce issued an approval approving the investment of the Chinese consortium in the project. On 17 April 2012, approval and regulatory procedures of administrations of foreign exchange relating to the necessary financial guarantee to be provided by the Company for its wholly-owned subsidiary Chalco Hong Kong Limited to invest in the project had been completed. On 23 April 2012, Chalco Iron Mine Company Limited () (i.e. the Chinese consortium, hereafter as Chalco Iron Mine) paid US$1.35 billion to SIMFER JERSEY LIMITED., the joint venture established by the Chalco Iron Mine and Rio Tinto. As a result, Chalco Iron Mine has officially become the shareholder of the joint venture by the way of increasing its shareholding and is granted 47% of its equity interests. The joint venture has 95% of the interest of the project.

Non-Public Offering of A Shares

On 5 April 2012, the Company received a notice from Aluminum Corporation of China ("Chinalco"), its controlling shareholder, that Chinalco received from the State-owned Assets Supervision and Administration Commission of the State Council the "Approval Concerning the Non-public Issue of Shares by Aluminum Corporation of China Limited" (Guo Zi Chan Quan [2012] No. 151) on 5 April 2012 . The document approved the administrative matters of state-owned equity interest in respect of the non-public issue of shares of the Company and approved the proposed non-public issue of not more than 1.25 billion A shares of the Company.

Takeover offer to Acquire Equity Interest in SouthGobi

The Company had entered into the Cooperation Agreement, Consultancy Agreement and the Lock-up Agreement with SouthGobi Resources Ltd. (hereafter "SouthGobi"), nine senior executives and officers as well as Ivanhoe Mining Ltd., respectively, on 27 March 2012 and 1 April 2012. Pursuant to those agreements, the Company will invest not more than US$1.0 billion to offer to acquire up to sixty percent (60%), but not less than fifty six percent (56%) of the issued and outstanding common shares of SouthGobi. The takeover offer has not yet commenced and is still subject to consideration and approval at the general meeting of the Company. For details, please refer to the Announcement on A Takeover Offer to Acquire Up to 60% of the Common Shares of SouthGobi Resources Ltd. published by the Company on 5 April 2012, the Announcement on Aware of the Announcement of the Mineral Resources Authority of Mongolia to Request Suspension of Exploration and Mining Activity on Certain Licenses of SouthGobi published on 17 April 2012 and the Announcement on the SouthGobi Project published on 26 April 2012.

Acquisition of Shares in Winsway Coking Coal

It was approved at the 26th meeting of the fourth session of the Board of the Company, the Company entered into the Share Sale and Purchase Agreement with Winsway Resources and Mr. Wang, pursuant to which, the Company has conditionally agreed to purchase and Winsway Resources has conditionally agreed to sell 1,128,186,410 shares legally and beneficially held by Winsway Resources in Winsway Coking Coal Holdings Limited, representing 29.9% of the issued share capital of Winsway, at a total cash consideration of HK$2,391,755,189.20. The acquisition has not been implemented and is still subject to the consideration and approval at the general meeting of the Company. For details, please refer to the Announcement on Proposed Acquisition of 29.9% Interest in Winsway Coking Coal Holdings Limited published by the Company on 24 April 2012.

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 in 2007, Chinalco undertook that Chinalco would arrange to dispose of its aluminum fabrication business, or the Company would acquire the aluminum fabrication business from Chinalco, and acquire the pseudo-boehmite business from Chinalco within a certain period of time following the listing of the Company's A shares.

In 2008, the Company successfully bid for the five aluminum fabrication enterprises under the control of Chinalco in an open tender process through the equity exchange. Since the market conditions for pseudo-boehmite are immature, Chinalco does not propose to inject its pseudo-boehmite business to the Company's portfolio for the time being. When conditions become mature, both Chinalco and the Company will continue to duly complete the matters undertaken within the time limit.

On 22 August 2011, the Company issued a letter of undertaking of Aluminum Corporation of China Limited* to resolve the horizontal competition with Jiaozuo Wanfang Aluminum Company Limited in the aluminum business (), pursuant to which it undertook to make its best endeavors to eliminate by proper means the competition in aluminum business with Jiaozuo Wanfang within five years.

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

As the aluminum price continued to linger at low levels while the prices of raw materials stayed high, the Company is expected to record loss for the period from the beginning of the year to the end of the next reporting period. Relevant details will be disclosed in the interim report of the Company for 2012.

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.

No final dividend was distributed during the reporting period.

Aluminum Corporation of China Limited*

Legal representative: Xiong Weiping

27 April 2012

4

APPENDICES

4.1

Unaudited Consolidated Balance Sheet

As at 31 March 2012

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand, RMB Unaudited

Items

Closing balance

Opening balance

Current assets:

   Cash and cash equivalents

16,176,797

11,644,741

   Settlement reserve

   Placements with banks and

      other financial institutions

   Held-for-trading financial assets

11,155

5,807

   Bills receivable

2,781,643

4,136,568

   Accounts receivable

2,537,402

1,495,197

   Prepayments

5,892,775

4,034,410

   Premiums receivable

   Receivables from reinsurers

   Deposits receivable from

      reinsurance agreements

   Interest receivable

   Dividends receivable

   Other receivables

1,426,461

1,192,335

   Purchases of resold financial assets

   Inventories

27,316,542

24,124,379

   Non-current assets due within one year

28,000

29,200

   Other current assets

3,745,322

3,307,071

Total current assets

59,916,097

49,969,708

Non-current assets:

   Entrusted loans and advances granted

   Financial assets available for sale

   Held-to-maturity investments

   Long-term receivables

   Long-term equity investments

4,054,871

3,994,693

   Investment properties

   Fixed assets

76,365,417

77,579,384

   Construction in progress

17,542,389

16,047,880

   Construction materials

197,910

148,109

   Disposals of fixed assets

   Biological assets for production

   Oil and gas assets

   Intangible assets

4,347,592

4,344,347

   Development expenses

   Goodwill

2,362,735

2,362,735

   Long-term deferred expenditures

338,864

330,081

   Deferred income tax assets

1,811,812

1,517,339

   Other non-current assets

685,321

839,881

   Total non-current assets

107,706,911

107,164,449

Total assets

167,623,008

157,134,157

Current liabilities:

   Short-term borrowings

39,422,719

32,322,794

   Borrowings from central bank

   Deposit taking and deposit in

      inter-bank market

   Placements from banks and

      other financial institutions

   Held-for-trading financial liabilities

7,011

2,280

   Bills payable

2,567,000

1,889,875

   Accounts payable

7,381,357

6,511,435

   Payments received in advance

1,185,331

1,138,393

   Disposal of repurchased financial assets

   Handling charges and commissions payable

   Staff remuneration payable

551,646

466,750

   Taxes payable

318,246

371,949

   Interest payable

618,885

363,995

   Dividends payable

89,717

89,717

   Other payables

4,359,636

4,756,993

   Reinsurance accounts payable

   Deposits for insurance contracts

   Agent brokerage fee

   Agent underwriting fee

   Non-current liabilities due within one year

3,588,504

4,193,854

   Other current liabilities

10,376,557

10,252,363

Total current liabilities

70,466,609

62,360,398

Non-current liabilities:

   Long-term borrowings

20,911,245

19,265,979

   Debentures payable

18,702,876

16,702,547

   Long-term payables

8,330

8,330

   Special payables

148,532

148,532

   Projected liabilities

   Deferred income tax liabilities

4,354

4,456

   Other non-current liabilities

359,695

489,229

   Total non-current liabilities

40,135,032

36,619,073

Total liabilities

110,601,641

98,979,471

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

   Paid-up capital (or share capital)

13,524,488

13,524,488

   Capital reserve

13,792,505

13,792,505

   Less: Treasury stock

   Special reserve

110,075

90,780

   Surplus reserve

5,867,557

5,867,557

   General risk provision

   Retained profit

17,525,719

18,614,158

   Foreign currency translation differences

-29,470

-36,134

   Total owner's equity attributable to

      the parent company

50,790,874

51,853,354

   Minority interests

6,230,493

6,301,332

   Total owner's equity

57,021,367

58,154,686

Total liabilities and owner's equity

167,623,008

157,134,157

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 31 March 2012

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Items

Closing balance

Opening balance

Current assets:

   Cash and cash equivalents

8,403,482

4,081,999

   Held-for-trading financial assets

0

2,461

   Bills receivable

1,584,422

2,232,624

   Accounts receivable

1,953,533

1,495,393

   Prepayments

1,607,853

1,123,346

   Interest receivable

   Dividends receivable

127,374

127,374

   Other receivables

3,481,696

2,744,111

   Inventories

14,005,387

13,265,158

   Non-current assets due within one year

28,000

28,000

   Other current assets

1,285,074

1,050,000

Total current assets

32,476,821

26,150,466

Non-current assets:

   Financial assets available for sale

   Held-to-maturity investments

   Long-term receivables

   Long-term equity investments

18,182,274

18,061,063

   Investment properties

   Fixed assets

47,933,242

48,858,231

   Construction in progress

11,878,594

11,041,779

   Construction materials

70,717

80,759

   Disposal of fixed assets

   Biological assets for production

   Oil and gas assets

   Intangible assets

2,065,120

2,066,653

   Development expenses

   Goodwill

2,330,946

2,330,945

   Long-term deferred expenditures

200,018

197,528

   Deferred income tax assets

1,392,635

1,121,711

   Other non-current assets

650,430

450,430

   Total non-current assets

84,703,976

84,209,099

Total assets

117,180,797

110,359,565

Current liabilities:

   Short-term borrowings

18,658,000

14,960,000

   Held-for-trading financial liabilities

   Bills payable

   Accounts payable

2,949,827

2,815,546

   Payments received in advance

310,583

253,605

   Staff remuneration payables

375,349

302,977

   Taxes payable

178,918

179,563

   Interests payable

520,684

288,625

   Dividends payable

   Other payables

2,649,628

2,945,913

   Non-current liabilities due within one year

842,755

842,755

   Other current liabilities

10,374,771

10,250,577

Total current liabilities

36,860,515

32,839,561

Non-current liabilities:

   Long-term borrowings

12,041,101

10,051,501

   Debentures payable

17,906,765

15,906,853

   Long-term payables

8,330

8,330

   Special payables

139,530

139,530

   Projected liabilities

   Deferred income tax liabilities

   Other non-current liabilities

255,824

358,179

   Total non-current liabilities

30,351,550

26,464,393

Total liabilities

67,212,065

59,303,954

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

   Paid-up capital (or share capital)

13,524,488

13,524,488

   Capital reserve

14,294,274

14,294,274

   Less: Treasury stock

   Special reserve

48,526

42,586

   Surplus reserve

5,867,557

5,867,557

   General risk provision

   Retained profit

16,233,887

17,326,706

Total owner's equity

   (or shareholder's equity)

49,968,732

51,055,611

Total liabilities and owners' equity

   (or shareholder's equity)

117,180,797

110,359,565

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 (unaudited)

January to March 2012

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for

Amount for

the previous

Items

the period

period

1.

Total operating revenue

33,589,657

28,233,536

Including:

Operating revenue

33,589,657

28,233,536

Interest income

Premiums earned

Handling charges

   and commission

   income

2.

Total cost of operations

35,187,086

27,817,027

Including:

Operating cost

32,997,696

26,107,613

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

47,485

76,155

Selling expenses

446,125

373,797

Administrative

   expenses

622,358

574,009

Finance expenses

1,075,913

685,690

Loss on assets

   impairment

-2,491

-237

Add:

Gains on

   fair value changes

   (loss stated with "-")

-5,058

-460

Investment income

   (loss stated with "-")

130,168

152,307

Including:

Investment income

   from associated

   companies and

   joint ventures

97,518

133,063

Foreign currency

   exchange gains

   (loss stated with "-")

3.

Operating profit

   (loss stated with "-")

-1,472,319

568,356

Add:

Non-operating income

68,956

17,215

Less:

Non-operating

   expenses

10,440

17,576

Including:

Loss from disposal

   of non-current assets

322

4.

Total profit (total loss

   stated with "-")

-1,413,803

567,995

Less:

Income tax expenses

-252,717

130,195

5.

Net profit (net loss

   stated with "-")

-1,161,086

437,800

Net profit attributable to owners

   of the parent company

-1,088,439

331,174

Minority interests

-72,647

106,626

6.

Earnings per share:

(i)   Basic earnings per share

-0.08

0.02

(ii)   Diluted earnings per share

-0.08

0.02

7.

Other comprehensive income

6,664

-6,268

8.

Total comprehensive income

-1,154,422

431,532

Total comprehensive income

   attributable to owners of

   the Parent Company

-1,081,775

324,906

Total comprehensive

   income attributable to

   minority shareholders

-72,647

106,626

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

January to March 2012

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for

Amount for

the previous

Items

the period

period

1.

Operating revenue

11,644,680

11,162,176

Less:

Operating costs

11,779,910

10,023,426

Business tax

   and surcharges

30,485

54,532

Selling expenses

257,492

217,046

Administrative

   expenses

369,806

355,846

Finance expenses

629,370

375,522

Loss on

   assets impairment

-2,490

-255

Add:

Gains on

   fair value changes

   (loss stated with "-")

-2,461

4,881

Investment income

   (loss stated with "-")

41,023

60,091

Including:

Investment income

   from associated

   companies and

   joint ventures

2,100

54,071

2.

Operating profit

   (loss stated with "-")

-1,381,331

201,031

Add:

Non-operating income

27,304

3,172

Less:

Non-operating

   expenses

9,720

2,827

Including:

Net loss from disposal

   of non-current assets

4,381

183

3.

Total profit

   (total loss stated with "-")

-1,363,747

201,376

Less:

Income tax expenses

-270,925

43,320

4.

Net profit

   (net loss stated with "-")

-1,092,822

158,056

5.

Earnings per share:

(i)   Basic earnings per share

(ii)   Diluted earnings per share

6.

Other comprehensive income

7.

Total comprehensive income

-1,092,822

158,056

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 March 2012

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for

Amount for

the previous

Items

the period

period

1.

Cash flow from operating activities:

Cash received from product sales and

   rendering of services

41,509,164

34,692,115

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

6,133

126,399

Other cash received relating

   to operating activities

106,973

87,595

Sub-total of cash inflow

   from operating activities

41,622,270

34,906,109

Cash paid for purchase of

   goods and receipt of services

40,177,772

32,907,239

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

1,835,916

1,534,848

Taxes and surcharges paid

943,196

878,031

Other cash paid relating to operating activities

695,881

864,857

Sub-total of cash outflow from

   operating activities

43,652,765

36,184,975

Net cash flow from operating activities

-2,030,495

-1,278,866

2.

Cash flows from investment activities:

Cash received from disposal of investments

Cash received from returns on investments

85,540

44,635

Net cash received from disposal of fixed assets,

   intangible assets and other long-term assets

5,018

35,476

Net cash received from disposal of subsidiaries

   and other operating entities

Other cash received relating to

   investment activities

18,776

142,875

Sub-total of cash inflow from

   investment activities

109,334

222,986

Cash paid to acquire fixed assets,

   intangible assets and other long-term assets

2,241,422

2,201,273

Cash paid for investment

490,000

426,390

Net increase in pledged loans

Net cash paid for acquisition of

   subsidiaries and other operating entities

Other cash paid relating to investment activities

127,728

50,000

Sub-total of cash outflow from

   investment activities

2,859,150

2,677,663

Net cash flows from investment activities

-2,749,816

-2,454,677

3.

Cash flow from financing activities:

Proceeds received from investments

Including:

Proceeds received by subsidiaries

   from minority shareholders'

   investment

Cash received from borrowings

25,240,588

22,664,687

Cash received from issue of debentures

2,000,000

0

Other cash received relating to

   financing activities

Sub-total of cash inflow from

   financing activities

27,240,588

22,664,687

Cash paid for repayment

17,131,398

16,937,365

Cash paid for dividend and profit

   distribution or interest repayment

804,686

833,385

Including:

Dividend and profit paid

   by subsidiaries to

   minority shareholders

Other cash paid relating to financing activities

Sub-total of cash outflow from

   financing activities

17,936,084

17,770,750

Net cash flows from financing activities

9,304,504

4,893,937

4.

Effect on cash and cash equivalents due to

   change in foreign currency exchange rate

7,863

-15,997

5.

Net increase in cash and cash equivalents

4,532,056

1,144,397

Add:

Balance of cash and

   cash equivalents at

   the beginning of the period

11,644,741

8,982,710

6.

Balance of cash and cash equivalents at

   the end of the period

16,176,797

10,127,107

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 March 2012

Prepared by: Aluminum Corporation of China Limited*

Unit: Thousand RMB, Unaudited

Amount for

Amount for

the previous

Items

the period

period

1.

Cash flow from operating activities:

Cash received from product sales

   and rendering of services

13,978,147

12,429,961

Refund of tax and levies received

4,133

Other cash received relating to

   operating activities

43,432

16,216

Sub-total of cash inflow from

   operating activities

14,025,712

12,446,177

Cash paid for purchase of goods and

   receipt of services

12,668,162

10,668,284

Cash paid to and on behalf of employees

1,125,869

1,122,389

Taxes and surcharges paid

579,371

593,771

Other cash paid relating to operating activities

402,664

309,305

Sub-total of cash outflow from

   operating activities

14,776,066

12,693,749

Net cash flow from operating activities

-750,354

-247,572

2.

Cash flows from investment activities:

Cash received from disposal of investments

Cash received from returns on investments

23,695

56,020

Net cash received from disposal of fixed assets,

   intangible assets and other long-term assets

15,811

29,732

Net cash received from disposal of subsidiaries

   and other operating entities

Other cash received relating to

   investment activities

15,228

63,990

Sub-total of cash inflow from

   investment activities

54,734

149,742

Cash paid to acquire fixed assets, intangible

   assets and other long-term assets

999,540

1,490,647

Cash paid for investment

1,023,110

865,534

Net cash paid for acquisition of

   subsidiaries and other operating entities

Other cash paid relating to investment activities

78,183

50,000

Sub-total of cash outflow from

   investment activities

2,100,833

2,406,181

Net cash flows from investment activities

-2,046,099

-2,256,439

3.

Cash flows from financing activities:

Proceeds received from investments

Cash received from borrowings

14,508,000

11,715,000

Cash received from bond issue

2,000,000

0

Other cash received relating to

   financing activities

Sub-total of cash inflow from

   financing activities

16,508,000

11,715,000

Cash paid for repayment

8,820,400

8,140,000

Cash paid for dividend and profit

   distribution or interest repayment

573,149

460,397

Other cash paid relating to financing activities

0

Sub-total of cash outflow from

   financing activities

9,393,549

8,600,397

Net cash flows from financing activities

7,114,451

3,114,603

4.

Effect on cash and cash equivalents due to

   change in foreign currency exchange rate

3,485

1,693

5.

Net increase in cash and cash equivalents

4,321,483

612,285

Add:

Balance of cash and cash

   equivalents at the beginning

   of the period

4,081,999

5,343,707

6.

Balance of cash and cash equivalents at

   the end of the period

8,403,482

5,955,992

Legal Representative

Person-in-charge

Head of Accounting

of the Company:

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

27 April 2012

As at the date of this announcement, the members of the Board of Directors comprise Mr. Xiong Weiping, Mr. Luo Jianchuan, Mr. Liu Caiming 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).

*   For identification purpose only

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