Tag Archives: Sinosteel

Talk is cheap: Abbott’s Asia trip missing the real opportunities?

Michael Sainsbury Prime Minister Tony Abbott has firmly cast his trip to North Asia to be all about trade and investment. There has been much focus on free trade agreements with South Korea, Japan and China, Abbott’s destinations this trip. But for all the hype the real value, business-to-business deals, seem to have been lost

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Citic’s Australian mine a pit of despair

Michael Sainsbury Once-mighty Citic Pacific was almost destroyed by a currency-hedging scandal in 2008. Today, the Chinese conglomerate is again caught up in crisis as it pours cash into the much-delayed Sino Iron mining project in Western Australia, a black hole that has swallowed over $10 billion to date. The iron ore mine in the

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Chinalco, Rio Tinto Plan Mining Joint Venture in China

Zhao Jianfei, Caixin  Australian mining giant Rio Tinto and the Aluminum Corporation of China (Chinalco) are on the final stages of negotiations of a domestic mining joint venture in China, according to Ian Bauert, Rio Tinto’s managing director in China. In December 2010, Rio Tinto and Chinalco signed a memorandum of understanding in Beijing to form

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