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China tightens investment rules amid weak commodities

Posted on 03 August 2012

In response to declining commodities prices, the Chinese government has demanded a more cautious approach to valuations of mining deals, which may force Australia miners to renegotiate deals with potential Chinese financiers.
On Thursday, diversified minerals explorer Ord River Resources announced that it was unable to sell a holding in coal explorer Caledon Resources to a Guangzhou government-backed company, as planned………………………………………..Full Article: Source


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