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China buying Mining & Energy assets


drbubb
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I will record stories on this thread as they pop up

 

SUMMARY

... to come ...

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China Shenhua Energy (owner of 2nd largest coal reserves) : Rio's coal unit (Australia's Coal & Allied Industries)

 

Shenhua is "planning to bid" on possible US $4.89 billion acquisition

 

Other likely bidders:

Mitsubishi - which owns 10.2% already

Xtrata

 

Coal & Allied Industries : raising coal production 15mn tonnes pa, to 200 mn tpa

 

Rio plans to divest $10 billion worth of assets

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