TTY territory resources limited

mk says tty approached by chinese investors

  1. 1,085 Posts.
    http://www.earthtimes.org/articles/show/184015,bhp-may-have-to-sweeten-again-to-budge-rio-analysts.html

    "Is BHP the only one who wants to buy Rio?" said Australian mining magnate Michael Kiernan, managing director of Territory Resources , which sells millions of tonnes of iron ore to China.

    "No, but who else can afford Rio? The Chinese, maybe, but my experience has been they would rather be a partner than an outright owner," he said, adding he has resisted offers from Chinese investors to acquire a stake in his company.
 
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