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  1. Business - Commodities - TAKEOVERS

    Aquila and Mineral Resources in talks to thwart Baosteel bid

    Posted Jun 17th 2014, 05:13am by Reuters

    ... Reuters in Melbourne Aquila and partner in talks to thwart Baosteel bid Aquila Resources and new strategic stakeholder Mineral Resources said yesterday that they plan to announce a deal that could thwart Chinese steel giant Baosteel Resources' US$1 billion bid for Aquila. Aquila and Mineral Resources both sought trading halts on their shares, saying they aimed to make ...

  2. Business - Commodities - STEEL

    Steel prices to weaken, Baosteel GM says

    Posted Aug 27th 2013, 12:00am by Reuters

    ... the profit margins of domestic steelmakers. Baosteel reported a 61 per cent drop in first-half earnings on Friday. With about 300 million tonnes of surplus steel capacity - equivalent to nearly twice the output of the European Union last year - Beijing is implementing measures to end the glut including curbing the sector's access to credit. Baosteel general manager Dai Zhihao told analysts ...

  3. Milestone in shipbuilding unveiled

    Posted Feb 06th 2010, 12:00am by Charlotte So

    ... steel mills, including China Shougang International Trade & Engineering Corp, Baosteel, Wugang Group and Beijing Shougang. 'I believe that the bulk shipping market will be better than ...

  4. Leading steelmakers to see profits plunge

    Posted Apr 14th 2009, 12:00am by Nick Westra

    ... Nick Westra The extent of corrosion in the mainland steel sector should become clear this week as Angang Steel and Maanshan Iron & Steel are expected to announce dismal earnings for last year as prices collapsed amid an intensifying economic downturn. ...

  5. Business - Commodities - TAKEOVERS

    Baosteel launches joint bid for Australian miner

    Posted May 06th 2014, 12:42am by Reuters

    ... Reuters in Sydney Baosteel launches joint bid for Australian miner Chinese steel giant Baosteel Resources and an Australian partner launched a A$1.14 billion (HK$8.1 billion) takeover bid ... iron ore export region to supply Asian steelmakers, by jump-starting the US$7 billion West Pilbara Iron Ore project, half-owned by Aquila. State-owned Baosteel's move would be the biggest ...

  6. Business - Commodities

    Recent slump in iron ore prices 'normal', Baosteel executive says

    Posted Mar 12th 2014, 01:26am by Victoria Ruan

    ... Slump in ore prices 'normal': Baosteel The recent slump in iron ore prices was "normal" and marked a return to its intrinsic value after years of inflation, said He Wenbo, the general manager of Baosteel, the mainland's largest steel producer. "Iron ore prices above US$100 per tonne, in my view, would be a bit too high," He said yesterday on the sidelines ...

  7. Business - Commodities - MINING

    Chinese firms more aggressive in hunt for Australian resources

    Posted May 15th 2014, 02:59pm by Reuters

    ... to gain full control over companies they have sizeable stakes in. And if those firms, Baosteel Resources and Guangdong Rising Assets Management, prove successful, the deals could become ... Donnelly, executive director at JP Morgan, who works on metals and mining deals. Baosteel's bid for coal and iron ore developer Aquila Resources is being seen as particularly unfriendly ...

  8. Business

    Hard-hit state firms may follow Baosteel's lead in selling assets

    Posted Sep 13th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com Mainland steel producer confirms selling shares of Construction Bank State firms may follow Baosteel's sale lead Leading steel-maker Baosteel's share divestment in China Construction Bank last week shows large state-owned enterprises hit hard by overcapacity could need to further sell non-core assets to generate liquidity, analysts said. Baosteel ...

  9. Business - Companies - DISPOSALS

    Baosteel behind sale of CCB shares

    Posted Sep 08th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com Sell-down seen as benefiting from market rally and expected to fetch HK$4 billion Baosteel behind sale of CCB shares A shareholder sold a large chunk of China ... that leading steelmaker Baosteel was behind the sale. The shareholder offered 810 million shares of the country's second-largest bank at HK$5.08 each, the International Financing Review reported ...

  10. Business - Companies

    Baosteel behind HK$4 billion sell-off of CCB shares

    Posted Sep 07th 2012, 10:14pm by Lulu Chen

    ... A banker familiar with the transaction told the Post the shareholder was leading steel maker Baosteel. The shareholder offered 810 million Hong Kong-traded shares of China’s second-largest bank ... Bank and HSBC were joint managers of the CCB sell-down. Baosteel was not immediately available for comment. James Antos, a senior analyst at Mizuho Securities, said the shareholder was taking ...




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