Minmetals are firm favourites IMHO given their remarks yesterday:
---------------------------------------------------- INTERVIEW-UPDATE China Minmetals scours for deals globally
Thursday June 11, 2009 09:31:09 AM +0000 Europe/London By Lee Chyen Yee
TAIPEI, June 11 (Reuters) - China Minmetals is looking for acquisition targets in Mauritania, and possibly more deals in Australia after its successful bid for debt-ridden OZ Minerals , a senior company official said on Thursday.
China has been scouring the globe to invest in or acquire companies that produce ore and concentrates as the country guzzles raw materials at a heady pace to fuel its growing economy.
"We are interested in acquiring companies in Mauritania that produce iron ore. We're talking to potential companies right now, but I can't give you too many details," Feng Guiquan, a senior vice-president at Minmetals, told Reuters in Taipei.
China and Mauritania already have some trade and investment ties in iron ore.
China, which buys the bulk of its iron ore and concentrates from Australia, Brazil and India, imported 1.9 million tonnes of the raw material from Mauritania between January and April, nearly double the level in the same period a year earlier. [ID:nSHA70770]
Minmetals has a joint venture with Mauritania's state-owned Societe Nationale Industrielle et Miniere (SNIM), which is the world's seventh-largest supplier of iron ore. --------------------------------------------------------- Minmetals Interview
