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Baosteel, Aquila deal ticks all the boxes

BAOSTEEL'S $A286 million investment in coal miner and iron ore hopeful Aquila Resources can go ah...

Kate Haycock

Baosteel, one of China’s largest steel mills, can take a 19.99% stake in Aquila, although the current investment proposal gives the Chinese company 15% (43.95 million shares) of Aquila at $6.50 per share....

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