GM signs deal to sell Hummer brand to Chinese firm and a private investorOctober 9th, 2009 GM signs deal to sell Hummer brandDETROIT — Hummer, the off-road vehicle that once was a symbol of America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors Co.
Chinese government to finance rest of Revel's Atlantic City casinoSeptember 10th, 2009 Chinese gov't to finance rest of Revel's AC casinoATLANTIC CITY, N.J. — Revel Entertainment has turned to the Chinese government for financing to finish its lavish Atlantic City casino.
Eldorado Gold agrees to pay $1.8B in shares for rest of Sino Gold which has big China presenceAugust 26th, 2009 Canada's Eldorado agrees to buy rest of Sino GoldVANCOUVER, British Columbia — Canada's Eldorado Gold Corp. said Wednesday it has agreed to swap about $1.8 billion in stock for all remaining shares of Australia's Sino Gold Mining Ltd., one of the largest gold mining groups in China.
Mining giant Rio Tinto guilty of commercial espionage worth 100 B dollars: ChinaAugust 10th, 2009 SHANGHAI - Relations between China and Australia are likely to take a turn for the worse with authorities in Beijing accusing the British-Australian mining giant Rio Tinto of engaging in commercial espionage that cost China about 100 billion dollars. The sensational allegation was published on Sunday on a website affiliated with China's State Secrets Bureau, which has detained four Rio Tinto employees - three Chinese citizens and one Australian - in Shanghai last month on suspicions of stealing confidential documents from the country's huge, government-controlled steel industry.
Report: China suspends mining project with North Korean firm sanctioned by UNJuly 30th, 2009 Report: China stops mining project with NKoreaSEOUL, South Korea — A Chinese investment company has abruptly suspended a joint project with a North Korean firm that has been targeted under U.N. sanctions, a news report said Thursday.
2 mining company employees recovering from injuries sustained in Indonesian bombingsJuly 20th, 2009 2 mining company workers recovering after bombingDENVER — A spokesman says two mining company employees are doing fine but remain hospitalized with injuries suffered during suicide bombings at two Indonesian hotels. Bill Collier, a spokesman for Phoenix-based Freeport-McMoRan Copper & Gold Inc., said the two senior employees are being treated in Singapore.
Rio Tinto says 4 employees detained in China; Australia seeks access to Australian citizenJuly 8th, 2009 4 Rio Tinto workers detained in ChinaBEIJING — Four employees of Anglo-Australian miner Rio Tinto Ltd., including an Australian man, have been detained in Shanghai for undisclosed reasons, the company and government officials said Wednesday. Rio Tinto has been unable to contact the employees, said Ian Head, a company spokesman in Sydney.
China Investment to buy $1.5B stake in mining giant Teck ResourcesJuly 3rd, 2009 China Investment buying stake in Teck ResourcesTORONTO — Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp.
Chinese refiner Sinopec to buy Canada's Addax Petroleum for $7.2 billionJune 24th, 2009 China's Sinopec to acquire Addax Petroleum for $7BCALGARY, Alberta — Canadian oil and gas exploration company Addax Petroleum Corp says that it has agreed to be acquired by Chinese refiner Sinopec in a deal valued at $8.27 billion Canadian (US$7.2 billion). The wholly owned subsidiary of China Petrochemical Corp.
Oz Minerals shareholders OK plan to sell Australian miner's assets to Chinese suitorJune 11th, 2009 Oz Minerals shareholders OK sale to Chinese buyerSYDNEY — Australian miner Oz Minerals Ltd. said Thursday its shareholders have approved a plan to sell most of its assets to a Chinese buyer days after a Chinese plan to invest in Anglo-Australian miner Rio Tinto collapsed.
Report: 59 people buried in landslide in mining region in southwestern ChinaJune 5th, 2009 Landslide in Chinese mining region buries 59BEIJING — At least 59 people were buried by a landslide Friday in the southwestern Chinese iron mining region of Chongqing, safety officials said. Those buried included 50 miners and nine residents of remote Tiekuang, or "iron mine," township, said an official with the Chongqing work safety supervision bureau, who would give only his surname, Dong, because he was not authorized to speak to media.
Miner Rio Tinto scraps deal with Chinalco, choosing to raise $15.2 billion in share saleJune 5th, 2009 Miner Rio Tinto scraps Chinalco dealSYDNEY — Anglo-Australian miner Rio Tinto PLC on Friday scrapped its $19.5 billion deal with China's Chinalco, choosing instead to raise $15.2 billion in a share sale and setting up a joint production venture with rival BHP Billiton Ltd. Rio Tinto Chairman Jan du Plessis said in a letter to shareholders the planned deal with Chinalco was now dead and his company would pay it a $195 million break fee, thus ending what would have been China's biggest overseas investment to date.
Chinese regulators could block purchase of GM's Hummer unit by Sichuan truck makerJune 5th, 2009 Reports question Chinese Hummer acquisitionSHANGHAI — General Motors Corp.'s planned sale of its Hummer brand to a little-known Chinese truck maker could be blocked by regulators who have not approved the deal and are questioning its wisdom. Sichuan Tengzhong Heavy Industrial Machinery Co.
Australia approves Chinese bid for Oz Minerals assets with conditions attachedApril 23rd, 2009 Australia approves Chinese bid for Oz MineralsCANBERRA, Australia — China's Minmetals won Australian government approval Thursday to buy most of miner Oz Minerals' operations in a deal that excludes a mine in a sensitive military area. Minmetals promised to use mostly Australian managers and to expand production at some sites as conditions of the 1.7 billion Australian dollar ($1.2 billion) purchase, Treasure Wayne Swan said in a statement announcing the approval.
Australia approves Chinese bid to acquire miner Oz Minerals with conditions attachedApril 23rd, 2009 Australia approves Chinese purchase of Oz MineralsCANBERRA, Australia — China's Minmetals won government approval Thursday to take over struggling miner Oz Minerals on condition that it uses mostly Australian managers and expands operations at some sites. The purchase adds to a growing string of recent foreign acquisitions by China's cash-rich resource companies.
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