More takeovers
Chinese are buying up iron ore properties in Canada, see summery article below
from Globe and mail. Wish they would kick our tires.
A Chinese steel giant is expanding its investment in Canada’s iron ore industry, as part of an aggressive international drive to secure supplies amid soaring prices charged by the top producers.
Deng Qilin, president of the Wuhan Iron & Steel Group Corp., said in an interview that negotiations with an unspecified Canadian partner will soon produce another deal, on the heels of agreements with Century Iron Mines Corp. and Adriana Resources Inc. to jointly develop iron ore projects in northern Quebec.