午夜小片|一级电影中文字幕|国产三级一区|精品久久久久久久国产性色av,国产一级黄色网,久久久久久久久久福利,久草超碰

Economy

Markets

Industries

Insights

Reports

Events

Ansteel gets nod to up stake in Gindalbie

(Xinhua)
Updated: 2009-05-09 11:43

Australian Treasurer Wayne Swan announced on Friday his approval on the Chinese steel maker Anshan Iron and Steel Group Corporation (Ansteel)'s acquisition of an additional stake in Australian iron ore miner Gindalbie Metals Ltd.

Related readings:  Ansteel JV opens tyre cord plant  Ansteel 2008 profit down 55% due to weak economy

Ansteel had agreed on a number of undertakings that would support Australian mining jobs and protect Australia's investment participation in the Chinese resources market, Swan said.

"My approval under the Foreign Acquisitions and Takeovers Act 1975 is conditional upon Ansteel supporting the wider development of infrastructure in the Mid-west (of Australia), and maintaining agreed levels of Australian participation in a green fields joint venture in China's Liaoning province," Swan said in a statement.

Swan said this foreign investment decision has allowed Ansteel to have a stake of up to 36.28 percent in Gindalbie, conditional upon legally enforceable undertakings by Ansteel.

Ansteel was also a 50 percent partner in a joint venture with Gindalbie to develop the Karara Iron Ore Project.

The Karara Iron Ore Project has been a A$1.8 billion ($1.4 billion) development in the Mid-west region of Western Australia.