China firm to acquire major African iron ore mine
BEIJING (AP) — A privately owned Chinese company is finalizing the acquisition of an Australian mining firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting global iron ore prices, China's official Xinhua News Agency reported Saturday. Xinhua, citing officials from Hanlong Group, based in southwestern China's Sichuan province, said Hanlong plans to complete the acquisition of Sundance Resources Ltd. for 45 Australian cents (50 cents) per share by March 1, after submitting paperwork to the Australian Securities and Investments Commission. Reported by SeattlePI.com 9 hours ago.
BEIJING (AP) — A privately owned Chinese company is finalizing the acquisition of an Australian mining firm that controls a major iron ore mine in west Africa, a move that would give China a stronger role in setting global iron ore prices, China's official Xinhua News Agency reported Saturday. Xinhua, citing officials from Hanlong Group, based in southwestern China's Sichuan province, said Hanlong plans to complete the acquisition of Sundance Resources Ltd. for 45 Australian cents (50 cents) per share by March 1, after submitting paperwork to the Australian Securities and Investments Commission. Reported by SeattlePI.com 9 hours ago.