This is taken from the fdl thread posted by warnie.With company...

This is taken from the fdl thread posted by warnie.

With company links to sinnosteel who knows what is install for gda.

By Coco Li

BEIJING (Reuters) - Sinosteel Group, China's largest ferrous metals trader, does not rule out taking a stake in Australian iron ore miner Fortescue Metals Group Ltd (FMG.AX: Quote, Profile, Research), Sinosteel President Huang Tianwen said on Thursday.

Australian media have reported that Chinese state-owned metals firms, including Sinosteel, Chinalco and Baosteel, want to buy a stake in Fortescue, as Beijing seeks to wield more control over raw material supplies from the Australian outback.

China, the world's largest steel producing country, is especially seeking stakes in iron ore start-ups to break its dependence on ore from heavyweights Rio Tinto Ltdand BHP Billiton.

Cheers

TF