China Minmetals Corporation president assistant Wang Jionghui states that the company is considering bidding for Rio Tinto Canada iron ore business.
Rio Tinto plans to sell 59 percent equities in its Canada iron ore business; analysts assess the interest at about USD 4 billion.
Wang says that China Minmetals is closely watching the assets and seeking further bidding will depend on many factors like partners.
China Minmetals testifies to be the first Chinese company interested in the assets.
Glencore and Blackstone are also mulling takeover of the assets.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94879
