Dear Solbear007,
I believe the Australian Mining Company you're referring to is Mineralogy Pty.
CITIC Pacific, a Chinese Chinese Government-owned company signs deal
with Australian Company Mineralogy for iron ore.
?A Western Australian resources company says it is set to indirectly
gain from a multi-billion dollar deal which will see mining rights to
up to six billion tonnes of Pilbara iron ore sold to a Chinese
Government-owned company.
Earlier this week, Citic Pacific announced it will buy the rights from
Queensland-based company Mineralogy for billions of dollars.?
ABC News Online: April 6, 2006
http://www.abc.net.au/news/newsitems/200604/s1609829.htm
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?Mineralogy, headed up by Queensland business identity Clive Palmer,
signed the deal with Hong Kong's CITIC Pacific Ltd - a Chinese
state-backed infrastructure company.
CITIC will invest up to $US2.47 billion ($A3.46 billion) in developing
two mines based on the deposit located near the mouth of the Fortescue
River.
It has a $US100 million ($A139.89 million) option to then develop
another four projects.
Mineralogy's Mr Palmer said this was one of the biggest iron ore deals
ever signed in Australia's history.?
The Sydney Morning Herald: April 3, 2006
http://www.smh.com.au/news/Business/Mineralogy-China-sign-iron-ore-deal/2006/04/03/1143916444550.html
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?Hong Kong-based CITIC Pacific, a Chinese government-backed holding
company, has agreed to buy into a major Western Australia iron ore
project in a deal potentially worth more than 1.2 billion US dollars,
reports say. The agreement involves the Fortescue magnetite and iron
project owned by privately-held firm Mineralogy in the Pilbara
region.?
Yahoo New: April 2, 2006
http://news.yahoo.com/s/afp/20060403/ts_afp/australiahongkongchinaresourcesiron;_ylt=AkG1E2sdff5Ci.6FTD8XghYfYhAF;_ylu=X3oDMTBjMHVqMTQ4BHNlYwN5bnN1YmNhdA--
Search terms used:
Chinese Government contract to Australian Mining Company
I hope the information provided is helpful!
Best regards,
Bobbie7 |
