acquisition of 15,000,000 share in hazelwood

A1 Investments & Resources Ltd is pleased to announce that it has today signed an agreement with Minatek Pty Ltd, and successfully acquired 15,000,000 shares in the Australian rare metal company Hazelwood Resources Limited (ASX Code: HAZ).

I don't know if this is good news or not.

As far as I can work out Minatek is a sand blasting company in Victoria. As a result of the above agreement Minatek is to acquire 38,560,000 shares in Heng Sheng Mining Corporation (HSMC.

Heng Sheng Mining is an iron ore Company in the Philippines.

It makes very little sense to me: can anyone explain?