Updated Friday, November 6, 2009 11:14 am TWN, AFP

Australia approves Wuhan stake in iron ore

SYDNEY -- Australia said Thursday it had approved a bid by China's Wuhan Iron and Steel Co to take a A$271 million (US$246 million) stake in an iron ore project of miner Centrex. The Foreign Investments Review Board gave the unconditional green light for Wuhan to take a 60 percent stake of the iron ore rights to five Centrex-owned tenements on South Australia's Eyre Peninsula.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email

Australia Breaking News

Updated Friday, November 13, 2009 11:24 am TWN
▪	Australia imposes 16% duty on China products
▪	Australia's trade minister defends strength of currency
▪	Australia stimulus needed for recovery: Treasurer
▪	Australia lifts interest rate to 3.5 percent
▪	Australia forecasts drop in carbon trade revenue

Most Read

▪	Canadian man busted for marijuana
▪	Anti-drug plan begins
▪	Tokyo crowned new gourmet capital
▪	Obama ready to help non-nuclear N. Korea
▪	Yanks 1st choice: Wang

Sponsors
▪	Get Car Hire Asia, Thailand, Middle East, Cyprus, Dubai, USA
▪	Business Directory