very interesting reading

http://www.wileyrein.com/resources/documents/pu4793.pdf

here is just a bit of it from page 22. (this is a US publication).



In May 2008, state-owned Chengde Iron and Steel Group (a unit of Tangshan Steel
Group) was negotiating the purchase of a large stake in Aurox Resources, an Australian
iron-ore prospector.112
• Anshan Iron and Steel Group bought 13 percent of, and has partnered with, Australia’s
Gindalbie Metals, a company that explores and evaluates iron ore projects, to build a US$
1.8 billion iron ore project in Western Australia.113
• China Metallurgical Group Corp., China’s leading state-owned mine construction
company, has a memorandum of understanding with Cape Lambert Iron Ore Ltd. to
purchase an iron ore project in the Pilbara region of Western Australia.114
• In January 2008, state-owned Shougang Group, China’s ninth-largest steel company,
purchased approximately 20 percent of Australian iron ore miner Mount Gibson Iron for
approximately US$ 400 million.115
• A joint venture between China’s Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. and
Indonesia’s PT Aneka Tambang offered to fully acquire Australian mining company
Herald Resources for US$ 471 million.116