china inc, page-2

Another google find. already discussed I know but great heading




''Mitsubishi may launch Murchison takeover''

Japanese giant Mitsubishi Corporation could be the latest overseas predator to take control of an Australian mining company, an analyst says.

DJ Carmichael resource analyst James Wilson said he thought Mitsubishi would make a bid for equal joint venture partner Murchison Metals Ltd, which together will build the $3.5 billion Oakajee deepwater port and associated rail infrastructure in Western Australia's mid west iron ore region.

However, Mr Wilson says Mitsubishi would have to woo major shareholders with a hefty offer.

http://money.ninemsn.com.au/article.aspx?id=606419