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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

BHP billion-dollar nickel sale another sign (from Corporate Dealmaker)

Did someone say mining deals are heating up again? China's voracious appetite should help things along -- "The Chinese don't have enough nickel, don't have enough oil, and they don't have enough copper," Jim Rogers, chairman of Rogers Holdings, told Bloomberg News.Perhaps the cash-rich country will bid on some Australian...

Posted on August 14, 2009 12:49 PM

Recovery signs: Mergers, commodities and more (from Corporate Dealmaker)

Are mining mergers back? A potential $3.3 billion Chinese-Australian mining deal, some updated M&A tallies and a rise in commodity prices suggest so. China's rapid economic growth is also stoking the sector's dealmaking.It was only a year ago that rocketing commodity prices fueled M&A for mining companies and prompted...

Posted on August 10, 2009 2:14 PM