Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Pilbara talks with China's Shougang break down

Pilbara talks with China's Shougang break down

Shanghai: China's participation in a A$2.7bn ($2.2bn) iron-ore project in Australia's Pilbara region is in doubt after talks between Australasian Resources Ltd. and Shougang Corp. broke down, Bloomberg writes quoting the Australian

Shougang, which has a 6.3% stake in Australasian, forced an end to project funding talks on a venture at Cape Preston in Western Australia after its attempts to gain control of the company failed, the newspaper said, without identifying the source of its information.

A spokesman for Australasian told the newspaper that tensions between Australia and China over the arrest this month of four Rio Tinto Group employees had not affected talks with Shougang.  [20/07/09]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

SMN_Podcast_Leaderboard.jpg