China

Sixty billion dollar deal signed by Resourcehouse with China

Sixty billion dollar deal signed by Resourcehouse with ChinaA 60 billion US dollar coal deal with China was signed by Australian miner Resourcehouse on Saturday. The deal was described as country's "biggest-ever export contract."

China Initiates First 'Green' Expo in Shanghai

China Initiates First 'Green' Expo in ShanghaiChina, the world's largest emitter of greenhouse gases, aims to initiate the first "green" World Expo in Shanghai, as the sprawling metropolis tries to shed its polluted past and become eco-friendly.

Resource Recent-Tax to Review Tax System

Resource Recent-Tax to Review Tax SystemThe Chinese state-owned miner MMG has cautioned the Federal Government that MMG's proposed $500 million to $800 million development of the Dugald River zinc project in Queensland could be hampered with the emergence of a national resources rent tax.

CSR Sugar Disapproves Another Bid from Bright Foods

China-Bright-FoodCSR Ltd has again disapproved an approach from China's Bright Food (Group) Co Ltd to acquire its sugar business, revealing that the proposal is not clearly superior to its demerger plans.

CSR had announced it planned to spin off the sugar division last June, which comprises seven sugar mills in Queensland refineries and an ethanol plant. In November, CSR raised $375 million from shareholders to fund the demerger.

Chinese Jittery Over "Asset Bubble" Warnings

Wen-JiabaoGlobal leaders and bankers are in a process to seek firm signs at the Davos forum this week, of China's determination to control the money flow into its economy.

Optimists gainsay that China's high savings rate is a natural process, emphasising on households, who do save a lot, around 30% to 35% of income.

Venus Resources Joins Hands with Chinese Firm in Share Subscription and JV Deals, Shares Jump 31%

mineralOn Monday, the Australian mineral explorer, Venus Resources Ltd. announced that the company has entered into share subscription and joint venture deals with a Chinese company.

On the news, shares of Venus climbed by 19 cents, or 31.67%, to trade at a new high of 79 cents.

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