4 result(s) displayed (1 - 4 of 4):

Baosteel can buy Aquila stake (from Corporate Dealmaker)

Like we keep saying, China needs resources, and Australia needs revenue. So despite any political strains, Baosteel Group Corp. will be allowed to buy up to a 19.9% stake in Aquila Resources Ltd. for A$285 million ($258 million), says Australia's Foreign Investment Review Board. The Chinese steel-producing giant will put...

Posted on October 30, 2009 11:43 AM

Australia pinches China rare-earths monopoly (from Corporate Dealmaker)

Pulling on already strained ties between the two nations, restrictions imposed by Australia's Foreign Investment Review Board prompted China Non-Ferrous Metal Mining Co. Ltd. to drop a $451 million deal to take a controlling stake in Lynas Corp. Ltd. The FIRB demanded CNMC cut its ownership to below 50% and...

Posted on September 24, 2009 12:24 PM

Rio Tinto shows poise amid 65% profit plunge (from Corporate Dealmaker)

Anglo-Australian mining giant Rio Tinto plc (NYSE:RTP) reported first-half net earnings of $2.5 billion, 65% below first-half 2008 -- a result of metal and mineral prices diving with the economy and companies letting their inventories shrink.But asset sales, 16,000 job cuts, a $15.2 billion rights issue, a joint venture...

Posted on August 20, 2009 9:14 AM

Rio Tinto selling packages to Amcor? (from Corporate Dealmaker)

In a deal that could worth about $2.4 billion, Rio Tinto Ltd. may sell its non-U.S. packaging assets to Australian packaging group Amcor Ltd., according to Reuters, which cited several sources including one with direct knowledge of Amcor's talks with Rio. Last week, an equities director at Aberdeen Asset Management...

Posted on July 8, 2009 11:09 AM