Further to MiningGuru's point that there is still strong...

Further to MiningGuru's point that there is still strong interest from China (inc HK) in Australian resource companies, especially iron ore, here are some selected excerpts from an article entitled 'China's Hanlong hunts for Australian acquisitions' (source AAP).
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Published 9:34 PM, 19 Jan 2011 Last update 9:34 PM, 19 Jan 2011

AAP

China's Hanlong Mining Investment Pty Ltd is aggressively hunting for acquisitions in Australia under plans to become a major iron ore producer.

Hanlong already has a 56.8 per cent stake in Perth-based Moly Mines Ltd.

"We're looking for investment opportunities in iron ore and uranium," Hanlong spokesman Calvin Zhu told AAP.

"But good targets are not that easy to find. It will take some time."

Mr Zhu said Hanlong would consider both early stage projects and developing assets.

"It is more of a value proposition for us - whatever works financially," he said.

"When we are looking at large scale projects, we would have to think about things such as infrastructure development together with mine development. They go hand in hand in Australia."

Hanlong is part of the Hanlong Group, a private firm with interests in China in mining, infrastructure, solar technology, property and pharmaceuticals.