Sydney News - (AFX UK Focus) 2009-05-08 09:05 UPDATE 1-China's Anshan clear to lift Australia mine stake (Interactive Investor)

SYDNEY, May 8 (Reuters) - The Australian government will allow Chinese steel maker Anshan Iron and Steel Group to triple its stake in Australian iron ore miner Gindalbie Metals , the latest Chinese footprint in Australia's mining sector. Chinese firms have rushed to propose buying stakes in existing and start-up mining companies, seeking raw materials to feed its growing economy. China's Hunan ...


Click Here to read the entire article...