quality prospects and heavyweight neighbours, page-3

Sydney Morning Herald Dec 17 2008....

Sinosteel executives also pledged to press ahead with mine development plans at Midwest Corporation, which it acquired in China's first hostile takeover this year.

Michael Wu, who led the $1.3 billion acquisition, said the company planned to start large-scale production as soon as the rail and port facilities were ready in 2011 or 2012. "Sinosteel is working to play the role of long term strategic investor, not opportunist in the region."