China Leads Record Low-Grade Iron Ore Mines in Australia
November 28th, 2009 | File Under : Companies - Iron Ore - Mineral Exploration
Citic Pacific Ltd., an arm of China’s biggest state-owned investment company, is leading record spending on low-grade iron ore mines in Australia to profit from surging...
China’s sovereign-wealth fund is investing $300 million as part of a complex transaction in which a Hong Kong-listed company is seeking to take over Russian oil producer Nobel Holdings Investments Ltd., according to statements from the Chinese fund and the Hong Kong-listed company.