No room for sentiment in Yanzhou-Felix deal
The fact that four Rio Tinto executives remain in detention in China had little bearing on the recent takeover of Australia’s Felix Resources by Yanzhou Coal. Although subject to approvals, it underlines the adage that money talks and sets the stage for more Chinese acquisitions into Australia’s natural resources sector.
With the announcement that China’s Yanzhou Coal had agreed to buy Australia’s Felix Resources, you wouldn’t have thought there had been any recent controversy between the two nations.
But we all know this to be far from the truth following the fall-out from Chinalco’s failed bid for Rio Tinto
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