Chinalco Mining International : Financial Statements/ESG Information - Interim Report 2016

INTERIM REPORT 2016‌‌‌‌‌‌‌‌‌‌

CONTENTS

Page

Company Profile 2

Corporate Information 3

Financial Highlights 5

Management Discussion and Analysis 7

Corporate Governance/Other Information 20

Report on Review of Interim Financial Information 25

Unaudited Interim Condensed Consolidated Statement of Financial Position 26

Unaudited Interim Condensed Consolidated Statement of

Profit or Loss and Other Comprehensive Income 28

Unaudited Interim Condensed Consolidated Statement of Changes in Equity 29

Unaudited Interim Condensed Consolidated Statement of Cash Flows 30

Notes to the Unaudited Interim Condensed Consolidated Financial Statements 32

COMPANY PROFILE

Chinalco Mining Corporation International (the "Company") is a resource development company acting as the core platform of Aluminum Corporation of China ("Chinalco") for the future acquisition, investment, development and operation of non-ferrous and non-aluminum mineral resources and projects outside China.

The Company was incorporated in the Cayman Islands on 24 April 2003 as an exempted company under the Companies Law. On 1 October 2007, Peru Copper Inc., the sole shareholder of the Company, was amalgamated with Chinalco Canada B.C. Holdings Ltd to form Chinalco Canada, which thereby became the Company's sole shareholder. Chinalco Canada transferred its entire shareholding in the Company to Aluminum Corporation of China Overseas Holdings Limited ("COH") on 12 October 2007. The Company was listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 31 January 2013.

Currently, the Company is focusing on developing the Toromocho Project ("Toromocho Project") through Minera Chinalco Perú S.A. ("Chinalco Peru" or "MCP"), a wholly-owned subsidiary of the Company in Peru. The Toromocho Project is located in the central Peru in the core of the Morococha mining district. The Environmental Impact Assessment of the Toromocho Project was approved by the Peruvian government in December 2010. Chinalco Peru obtained the construction permit and begun the construction for the Toromocho Project in July 2011. The commissioning of Toromocho Project commenced on 10 December 2013. The Toromocho Project has commenced commercial production as from 17 June 2015.

2 CHINALCO MINING CORPORATION INTERNATIONAL

CORPORATE INFORMATION

Non-executive Directors

Liu Jianping (Chairman)

Luan Shuwei Liu Hongjun Wang Dongbo

Executive Directors

Liu Yuewei Gao Lidong

Independent Non-executive Directors

Scott McKee Hand Ronald Ashley Hall Lai Yat Kwong Fred

Francisco Augusto Baertl Montori

Members of the Audit Committee

Lai Yat Kwong Fred (chairman)

Luan Shuwei (member)

Liu Hongjun (member)

Scott McKee Hand (member)

Ronald Ashley Hall (member)

Members of the Remuneration Committee

Scott McKee Hand (chairman)

Liu Jianping (member)

Gao Lidong (member)

Ronald Ashley Hall (member)

Lai Yat Kwong Fred (member)

Members of the Nomination Committee

Liu Jianping (chairman)

Liu Yuewei (member)

Scott McKee Hand (member) Ronald Ashley Hall (member) Lai Yat Kwong Fred (member)

Members of the Executive Committee

Liu Jianping (chairman) Liu Yuewei (member) Luan Shuwei (member) Liu Hongjun (member) Wang Dongbo (member) Gao Lidong (member)

Members of the Strategic Investment Committee

Liu Jianping (chairman) Liu Yuewei (member) Liu Hongjun (member)

Wang Dongbo (member) Scott McKee Hand (member) Ronald Ashley Hall (member)

Members of the Futures Risk Management Committee

Liu Yuewei (chairman) Luan Shuwei (member) Du Qiang (member) Gao Lidong (member) Xiao Tianyong (member)

Company Secretary

Du Qiang

Authorized Representatives

Liu Yuewei

Lai Yat Kwong Fred

Alternate Authorized Representatives

Mok Ming Wai Du Qiang

Registered Office

PO Box 309, Ugland House Grand Cayman

KY1-1104, Cayman Islands

Interim Report 2016 3