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| Saturday, August 30, 2008 05:58:05 |
SinoSteel eyes Australian mining buy
SinoSteel Group made a proposal to take a 100% stake in Australian iron ore mining company Midwest Corp for US$1.05 billion, or US$4.91 per share, China Business Net reported. The offer is 16% higher than Midwest's market price before it suspended trading on Friday, and almost 50% higher than the share price of ...
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