What is the Australian Federal government’s position on Chinese investment in Australian resources? Yesterday the Foreign Investment and Trade Board told Sinosteel to cool its heels for 90 days while the government figures out how much of Australia it will sell to foreign investors. Sinosteel, which, as you might guess, is a Chinese steel company, already owns 43.6% of iron ore junior Mid West (ASX:MIS) and was given permission to buy all of the company.
June 26th, 2008 | Dan Denning | 3 comments | Continued Our DR Global Editions: 
Sunday, November 08th, 2009
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