M&A

Sinosteel inching closer to full Midwest control

THE sale of Murchison Metal's 9.2% stake in Midwest Corporation to Sinosteel has further cemented the Chinese company's hold on the iron ore junior, but Malaysian businessman David Law and New York investment fund Harbinger are still standing between the steelmaker and complete control.

Kate Haycock

Sinosteel inching closer to full Midwest control

Murchison raised $A135 million through the sale of its Midwest stake to Sinosteel. The sale gives the iron ore miner additional cash to help it develop its Jack Hills and Weld Range projects in Western...

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