August 28 MetalBiz--On August 27, Baosteel Group inked a shareholding co-operation agreement with Aquila, and then Baosteel Group will buy 15% stock of Aquila, becoming the second-largest...
* Gives China another foothold in Australian iron ore * Deal struck at sensitive time in bilateral ties * Australia seen likely to approve Baosteel stake in Aquila (Adds Aquila chairman comments in paragraphs 8-12)...
* Gives China another foothold in Australian iron ore * Deal struck at sensitive time in bilateral ties * Australia seen likely to approve Baosteel stake in Aquila (Adds detail on financing, projects) SYDNEY, Aug...
Baosteel Group, the parent of China's largest steelmaker, Baoshan Iron and Steel Co<600019>, yesterday announced that it has completed the acquisition of a 15% stake in Australian miner Aquila Resources Ltd, sources reported.Baosteel said in a statement posted on its website that it bought 43.95 million shares of...
Australian mining company Aquila Resources Ltd. announced Tuesday the cooperation agreement between Baoshan Iron & Steel Co., Ltd. (Baosteel), China's largest steelmaker, and Aquila has been approved by the Chinese government. The two companies signed a cooperative agreement for Baosteel to inves...
Baosteel Group, parent of China's largest steelmaker, Baoshan Iron and Steel Co<600019>, has secured approval from Chinese regulators to buy into Australian miner Aquila Resources Ltd, sources reported. Baosteel has proposed to buy up to a 15% stake in Aquila for A$285.6 million. Upon the completion of the...
SYDNEY, Oct 30 - Australia has given foreign-investment approval for Chinese steel-maker Baosteel <600019.SS> to take a 15 percent stake iron ore explorer Aquila Resources <AQA.AX>, Aquila said on Friday. The government will also allow...
SYDNEY, Oct 30 - Australian iron ore explorer Aquila Resources <AQA.AX> said on Friday it would make a statement relating to the Australian government's response to China's Baosteel's <600019.SS> bid to invest $240 million in...
Baosteel Group, parent of China's largest steelmaker, Baoshan Iron and Steel Co<600019>, Thursday signed an agreement with Aquila Resources to buy a 15% stake in the Australian miner, according to an announcement on the former firm's website.According to the agreement, Baosteel Group will subscribe up...
* Gives China another foothold in Australian iron ore * Deal struck at sensitive time in bilateral ties * Australia seen likely to approve Baosteel stake in Aquila * Baosteel to buy up to 43.95...