China buys into SA iron ore developer

A Chinese state-owned company has formally taken a 13.04 per cent stake in South Australian iron ore developer Centrex Metals.

Updated Dec 3, 2009 – 5.03am, first published at Nov 26, 2009 – 11.10am

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A Chinese state-owned company has formally taken a 13.04 per cent stake in South Australian iron ore developer Centrex Metals .

Australian regulators gave Wuhan Iron & Steel (Group) Co (WISCO) the green light earlier this month to take the stake in Centrex.

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