Jinchuan out of bidding for Ravensthorpe nickel
SYDNEY, Nov 9 (Reuters) - China's top producer of metal, Jinchuan Group, has dropped out of the bidding for miner BHP Billiton's (BHP.AX: Quote, Profile, Research) (BLT.L: Quote, Profile, Research) Ravensthorpe nickel operation in Australia, an Australia associate firm of Jinchuan said on Monday.
Australia-listed Metals X (MLX.AX: Quote, Profile, Research), owned 14.8 percent by Jinchuan, said the Chinese firm had not been invited to take part in the next stage of the Ravensthorpe sale process. (Reporting by Mark Bendeich; Editing by Jonathan Standing)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
