| From WSJ: Hunan Valin Iron & Steel Group executives said China's sovereign-wealth fund may help finance expansion at Fortescue Metals Group Ltd. through debt rather than stock purchases, as the Chinese steel group became the Australian iron-ore miner's second-biggest shareholder.
The comments -- along with Canberra's approval Friday of a tie-up between Anshan Iron & Steel Group Corp. and Gindalbie Metals Ltd. -- underscore the trend of Australian miners turning to deep-pocketed Chinese investors who are keen to secure overseas resources.......Full Article: Source
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