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  • April 20, 2014
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  1. Sinosteel cries foul over rival's bid for Midwest

    Posted Jun 06th 2008, 12:00am by Carol Chan

    ... Timothy LeeMaster and Carol Chan Sinosteel Corp, the mainland's second-largest iron ore trader, has asked the Australian government to effectively block a rival's bid for mining ... the prevailing market price, as far as we are concerned, we are full steam ahead for the implementation of this merger,' said Midwest executive chairman Paul Kopejtka. Sinosteel is employing ...

  2. Arrests to ratchet up tension in ore talks

    Posted Jul 10th 2009, 12:00am by Carol Chan, Eric Ng

    ... Eric Ng and Carol Chan It may be hard to prove a direct link between the detention of Rio Tinto's head of iron ore sales on the mainland and protracted price negotiations with Chinese ... a negative impact on Rio's corporate image if its employees are found guilty. Paul Bartholomew, an Australian based in Shanghai and working as an editor for Britain-based Steel Business ...

  3. Sixth death prompts Foxconn to review management policies

    Posted May 13th 2010, 12:00am by Minnie Chan

    ... Another worker with the Foxconn Technology Group died on Tuesday night after falling from a rented apartment in Shenzhen, Xinhua and company sources said yesterday. This is the eighth tragedy involving Foxconn employees since the beginning of the year - r ...

  4. China to sell fighter jets to Pakistan in critical deal for regional politics

    Posted Nov 10th 2009, 12:00am by Minnie Chan

    ... Minnie Chan China has agreed to sell its most advanced jet fighter, the J-10, to Pakistan in what is set to be a landmark deal for the nation's defence industry and the region's geopolitical balance, both sides have confirmed. A person close to Aviation Industry Corporation of China (AVIC), which oversees the jet fighter project, said the two sides had started negotiating ...

  5. CNOOC, Sinopec to buy stake in Angola oilfield

    Posted Jul 18th 2009, 12:00am by Carol Chan

    ... Carol Chan Two of the mainland's top state-controlled oil producers, CNOOC and China Petrochemical Corp, have teamed up to buy a stake in a deep-sea oilfield in Angola for US$1.3 billion, a fresh attempt by the world's second-largest energy user to secure its oil supply. CNOOC, China's dominant offshore oil and gas producer, yesterday said it had agreed to buy ...

  6. Shanghai Industrial sells non-core businesses for HK$2.86b

    Posted Jul 28th 2009, 12:00am by Carol Chan

    ... Carol Chan Shanghai Industrial Holdings said yesterday that it had agreed to sell its loss-making semiconductor and dairy units for HK$2.86 billion, as part of a restructuring in which it will focus on its core businesses. The flagship of eastern China's economic hub sold its 8.21 per cent stake in Semiconductor Manufacturing International Corp (SMIC) to its parent company, ...

  7. Complex demographics, historical errors make co-existence delicate

    Posted Jul 09th 2009, 12:00am by Minnie Chan

    ... Minnie Chan The situation in Urumqi remains delicate as complicated demographics and historical errors make peaceful co-existence between Han and Uygurs difficult. Experts say that with 75 per cent of the population of Xinjiang's capital Han and only 24 per cent Uygur, Beijing will find it hard to cope with the aftermath of the violence that erupted this week. 'In ...

  8. Ping An turns sights back home with purchase of stake in SDB

    Posted Jul 04th 2009, 12:00am by Elaine Chan

    ... Elaine Chan No one would dispute that mainland insurer Ping An - meaning 'safe and sound' in Chinese - has a name made for its business. It served successfully as the watchword of the country's second-largest insurer in its rise over the past two decades - until last year. As the global financial system unravelled last autumn, wiping out US$3.3 billion of Ping An Insurance ...

  9. Angang denies plans to invest in Liaoning deposit

    Posted Jun 27th 2009, 12:00am by Carol Chan

    ... Carol Chan Angang Steel said yesterday the company and its state-owned parent had no plans to invest in the Benxi iron ore mine to exploit a newly discovered deposit that local officials touted as the biggest in Asia. The clarification came after mainland media reported that Angang's parent company, Anshan Iron and Steel Group, and rival Benxi Iron and Steel Group, both ...

  10. Hebei Steel merges units to create No 2 producer

    Posted Dec 31st 2008, 12:00am by Carol Chan

    ... Carol Chan Three listed firms will be combined to streamline operations Hebei Iron & Steel Group began merging its three listed units yesterday to form the country's second-largest listed steelmaker and improve profitability in the face of a slumping industry. Shenzhen-listed Tangshan Iron & Steel, of which Hebei Steel owns 53.88 per cent, said it would swap ...




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