he Sydney Morning Herald --- Page: 13
The Chinese company Jinchuan Group owns a stake of 10% in Australian nickelproducer Allegiance Mining, and also has a supply agreement with it. The factthat Jinchuan has also just acquired Canadian entity Tyler Resources signalsthat it could move to majority ownership of Allegiance, which is currently beingpursued by Zinifex. Experts do not believe the Foreign Investment Review Boardin Australia would ban Jinchuan from gaining Allegiance, whose stock closed$A0.01down to $A1.03 on 7 January 2008. Zinifex has made a bid of $A0.90 pershare, or $A1 if it gains a third of all shareholder acceptances
Add to My Watchlist
What is My Watchlist?