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  • November 1, 2014
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  1. Business - Commodities - INFRASTRUCTURE

    State firms take over Sino-Russian iron project

    Posted Oct 08th 2014, 05:29am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com State firms take over Sino-Russian iron project Russian Direct Investment Fund, wholly owned by Russian state development bank Vnesheconombank, and China Investment Corp (CIC) have agreed to acquire from Hong Kong-listed iron ore miner IRC a US$250 million bridge project to shorten transport time between Siberia and northeast China. The project's ...

  2. Business - Comment - LAI SEE

    Sino Iron fiasco has Clive Palmer changing his attitude to China

    Posted Aug 23rd 2014, 01:03am by Howard Winn

    ... with the dignity they deserve". However, his view has evidently soured. This is almost entirely to do with Hong Kong-listed Citic Pacific's Sino Iron project in Western Australia. In 2006, Palmer ... US$2 billion attempt at hedging the company's Australian dollar risk that cost chairman Larry Yung Chi-kin his job. Sino Iron and Palmer are involved in a number of legal actions. ...

  3. Comment - Insight & Opinion

    Sino-Indian economic cooperation must be grounded in reality

    Posted Sep 22nd 2014, 04:35pm by MONIKA CHANSORIA

    ... Monika Chansoria Monika Chansoria says there's no ignoring the geostrategic considerations and contest for markets Hopes for Sino-Indian economic cooperation must be grounded ... to deepening Sino-Indian ties. However, also being debated vociferously is whether trade and investment will become the driving force for future relations, given the pressing strategic realities, ...

  4. News - Asia - DIPLOMACY: ANALYSIS

    China and Japan edging closer to a Xi-Abe meeting at Apec summit

    Posted Sep 21st 2014, 06:02am by KRISTINE KWOK

    ... Kristine Kwok kristine.kwok@scmp.com If leaders are to meet in Beijing in November, Chinese and Japanese diplomats must show vision and flexibility to iron out all the details Clock's ... on the sidelines of the Apec summit in Beijing in November. But with less that two months to go, analysts say flexibility and imagination will be required from both sides if diplomats are to iron out ...

  5. Business - Commodities - STEEL

    Maanshan Iron share price jumps after sterling third-quarter profit

    Posted Oct 29th 2014, 04:28pm

    ... Eric Ng eric.mpng@scmp.com Maanshan Iron and Steel’s share price surged after it posted a better than expected third-quarter profit and said it expected a fourth quarter profit sizeable enough to more than offset the total loss in the first three quarters of the year, helped by lower raw material prices and a change in policy on assets depreciation. Its shares closed the morning ...

  6. Business - China Business - DISPOSALS

    Chongqing Iron & Steel sells plant for 719.6m yuan to ease financial pressure

    Posted Oct 21st 2014, 09:20am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Chongqing Iron & Steel, a medium-sized Chinese steelmaker, is selling a cold-rolled sheet plant for 719.59 million yuan (HK$908.47 million) to ease ... is expected to pay a first instalment of 100 million yuan before the end of the year and the remainder by June next year. Chongqing Iron & Steel spent 452 million yuan to build the plant, which ...

  7. News - China - DIPLOMACY

    Vice-President Li Yuanchao says Tokyo should be sincere on ties

    Posted Oct 28th 2014, 11:01pm by Teddy Ng

    ... Sino-Japanese relationship would be beneficial to the people of both nations. China was willing to "push forward the development of the Sino-Japanese relationship based on the spirit of drawing ... Cooperation summit in Beijing. Fukuda met Xi in July to convey Abe's call for dialogue, during which Xi showed a desire to improve Sino-Japanese ties, Japanese media reported. However, Chinese ...

  8. Magazines - 48hrs - FILM

    In The Judge, Iron Man star Robert Downey Jnr takes a more realistic role

    Posted Oct 15th 2014, 10:30pm by Kavita Daswani

    ... Kavita Daswani Robert Downey Jnr leaves the superhero world of Iron Man behind to join veteran actor Robert Duvall in a film that brings fractured family relationships to the fore Trials ... portrayal of quick-witted, motor-mouthed billionaire Tony Stark (aka Iron Man). The film's director, David Dobkin, has directed broad comedies such as the Jackie Chan and Owen Wilson feature ...

  9. Business - Commodities - MINING

    Rio Tinto says iron ore output jumps as prices in China recover

    Posted Oct 15th 2014, 01:25pm by Reuters

    ... Reuters in Sydney The world’s No 2 iron ore miner Rio Tinto said a strong third quarter and productivity gains led to a 12 per cent rise in iron ore production as price volatility persists in the global market. Rio Tinto, which competes with Vale and BHP Billiton in the seaborne-traded iron ore market, confirmed its target of mining 295 million tonnes of the steelmaking material in 2014, ...

  10. Business - Commodities - MINING

    Citic Pacific criticises tycoon Palmer over Australian iron ore dispute

    Posted Feb 07th 2014, 05:17am by Reuters

    ... long-delayed and massively over-budget US$8 billion iron ore project in Australia. The Sino Iron project, China's biggest offshore mining investment, was to be a key prong in Beijing's strategy to ease its dependence on the world's dominant iron ore producers, Vale, Rio Tinto and BHP Billiton. But instead it has been a disaster for Citic Pacific and its contractor, ...




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