Core Viewpoint - Chinalco International (02068) shares have surged, with A-shares hitting the daily limit and H-shares rising by 14.86% to HKD 2.86, driven by potential asset swap discussions with Rio Tinto [1] Group 1: Company Developments - Chinalco Group is exploring an asset swap with Rio Tinto, potentially exchanging shares for mining assets, which may include the Simandou iron ore project in Guinea and the Oyu Tolgoi copper mine in Mongolia [1] - The asset swap could enable Rio Tinto to allocate capital more decisively and pursue mergers and acquisitions [1] - Chinalco International is backed by Chinalco Group and operates as an engineering and technology unit, with significant advantages in the non-ferrous metals industry, including technology, talent, qualifications, and international presence [1] Group 2: Financial Highlights - Chinalco International recently won a mining operation and maintenance project for the Simandou iron ore project in Guinea, with a total contract value not exceeding USD 280 million, equivalent to approximately RMB 2.033 billion [1]

Core Viewpoint - Rio Tinto is exploring the possibility of an asset swap with China Aluminum Corporation (Chinalco) to reduce the latter's 11% stake in the company [1] Group 1: Asset Swap Details - Chinalco will exchange part of its shares for a cooperative relationship involving some of Rio Tinto's mining assets [1] - Potential assets of interest for Chinalco include the Simandou iron ore project in Guinea and the Oyu Tolgoi copper mine in Mongolia [1] - Another possible exchange could involve Rio Tinto's titanium business [1]