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China buying Mining & Energy assets


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I will record stories on this thread as they pop up



... 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



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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