china: news and opinion

Chinese firm approved to raise stake in Australian steelmaker as largest holder

China's steel giant, Ansteel, had got government approval to increase its stake in Australian iron ore explorer Gindalbie Metals, a spokesman with Ansteel said Saturday. The approval came Tuesday, allowing the Anshan Iron and Steel Group (Ansteel)... ...full story at People's Daily

from People's Daily on Sun, Jun 28 2009

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09 May 09		Australia approves Ansteel's additional stake in Gindalbie » People's Daily Australian Treasurer Wayne Swan announced on Friday his approval on the Chinese steel maker, Anshan Iron and Steel Group Corporation (Ansteel)'s acquisition of an additional stake in Australian iron ore miner Gindalbie Metals Ltd. Ansteel had...
24 Jun 09		AnSteel approved to invest in Australian ore miner » People's Daily Chinese steelmaker Anshan Iron & Steel Group (AnSteel) has received formal approval from the Chinese government for its share placement worth 162.06 million Australian dollars (about 126.4 million U.S. dollars) with Australian iron ore miner Gindalbie...
30 May 08		Steel major eyes stake in Australian firm » People's Daily SHANGHAI: China's largest steelmaker Baosteel Group may buy a stake in Australian iron ore miner Fortescue Metals Group Ltd to ensure stable raw materials supply. "Baosteel will seek a stake in Fortescue when both sides reach an accord o ...
14 Jul 09		Steel probe implicates more firms » People's Daily Anshan Iron and Steel Group Corp (Ansteel) is among five major Chinese steel makers reported to be embroiled in the espionage scandal linked to Anglo-Australian miner Rio Tinto, the latest episode in a widening investigation into alleged leaks of State...
21 Jan 09		Weak economy cuts China's Ansteel 2008 net profit 55% » People's Daily China's Angang Steel Co. Ltd. (Ansteel) said Wednesday net profit fell 55 percent last year to an estimated 3.42 billion yuan (about 500 million U.S. dollars) Assteel prices plunged. Ansteel, one of the country's top three steel producers, issued...

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