Just appeared on REUTERS
Australia's Brockman says China firms seek stakes
25 Jun 2008 - 15:55
SYDNEY, June 25 (Reuters) - Chinese steel mills are seeking to buy an equity stake in Australian iron ore prospector Brockman Resources Ltd , Managing Director Wayne Richards said on Wednesday, adding that his firm was open to an approach. Brockman has signed seven confidentiality agreements with Chinese groups over supplying ore, though no deals have yet been reached, Richards told Reuters in an interview.
The mills were smaller private-sector enterprises and were interested in investing in Brockman to secure future iron ore shipments, Richards said.
"In due course we will assess and make the determination whether we require equity positions in conjunction with off-takes or whether we solely build and fund our projects all the way through and just keep it very clean," Richards said.
(Reporting by James Regan, editing by Mark Bendeich)
(([email protected]; +61-2 9373-1814; Reuters Messaging: [email protected])) Keywords: BROCKMANIRON CHINA
Just appeared on REUTERSAustralia's Brockman says China firms...
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)