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Article: BRIEFING - ASIA MINING - FEB 18, 2008.
- Article from:
- AsiaPulse News
- Article date:
- February 18, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on mining for Feb 18, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
MT GIBSON ASKS REGULATOR TO FORCE CHINESE CO TO DUMP ITS STAKE
MELBOURNE - Mount Gibson Iron Ltd (ASX:MGX) has applied to the Takeovers Panel to force Chinese steel maker Shougang to give up its 19.7 per cent stake in the iron ore producer.
The company is seeking "a declaration of unacceptable circumstances" in relation to Shougang's A$410 million (US$371.29 million) purchase of shares in Mount Gibson from Gazmetall Holdings Cyprus Ltd.