Yanzhou Coal Mining Company To Get Possession Of Felix Resources
November 2nd, 2009
China to strengthen the position in the mining sector with the approval of bids Yanzhou Coal Mining Company for mining companies to have full Felix Resources. Assistant Treasurer, Senator Nick Sherry provides confirmation of the approval of the bids submitted by Yanzhou Coal Mining Company.
“With this effort is provided by Yanzhou, I assume that this acquisition is consistent with Australia’s national interests. Thus, in accordance with this effort is a condition of my approval of the acquisition under section 25 (1A) Foreign Acquisitions and Takeovers Act 1975.” the Assistant Treasurer.
Success of Yanzhou Coal Mining Company to get possession of Felix Resources, gives hope to the Australian government to increase cooperation with companies in China and the development of bilateral economic and investment partnership between Australia and China.
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