"CHINA'S state-owned enterprises and private companies are preparing to exploit distressed equity and asset values in the mining sector by ramping up acquisitions and investments ahead of a forecast return to stronger commodities demand.
Fund managers, bankers and transactional lawyers are indicating that activity is starting to pick up again -- exploiting an opportunity as valuations in Australia's mining sector are crushed in the stockmarket.
Private equity fund manager and China-watcher Jason Chang says the world's biggest consumer of mineral commodities remains obliged to secure long-term mineral supplies, no matter what the short-term negativity brought on by the impact of the country's credit squeeze on demand and prices."
Another move in the right direction today. Still looking very sparse on the sell side - just 100k on offer below 14.5. Onward. Upward.
HIG Price at posting:
7.1¢ Sentiment: LT Buy Disclosure: Held
