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TIMELINE-Major China resources deals so far this year

Published 08/28/2009, 03:48 AM
Updated 08/28/2009, 03:51 AM
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Aug 28 (Reuters) - Baosteel, China's biggest steelmaker, has agreed to pay $240 million for a 15 percent stake in Australian iron ore explorer Aquila Resources, underscoring China's huge appetite for Australian assets.

The following TIMELINE shows some Chinese investments in overseas commodities and energy sectors this year:

Aug 13 - Yanzhou Coal Mining Co agrees to buy Australian coal miner Felix Resources Ltd for $2.9 billion.

July 3 - Canada's Teck Resources will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise $1.5 billion and help the miner pay down debt.

June 24 - Sinopec, China's largest oil refiner, agrees to buy Swiss oil explorer Addax Petroleum Corp for $7.24 billion, gaining access to high-potential oil blocks in West Africa and Iraq.

June 23 - Chinese power company GCL-Poly Energy Holdings says it will pay $3.38 billion for a Jiangsu province solar parts maker to tap the growing solar energy industry.

June 9 - Canadian mining and exploration company Consolidated Thompson finalises a deal for China's Wuhan Iron and Steel Corp to invest $240 million.

June 6 - China's state-owned Nonferrous Metal Mining Corp (CNMC) pledges to invest $400 million in Zambia's Luanshya Copper Mines (LCM) after formally taking over running the mines.

May 24 - Asia's largest oil and gas producer PetroChina agrees to buy Keppel Corp's 45.5 percent stake in Singapore Petroleum Co for $1 billion.

May 1 - CNMC agrees to take a majority stake in Australian rare earths miner Lynas Corp for $185.7 million.

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April 24 - China National Petroleum Corp, China's biggest oil company, says it agrees with Kazakh state's KazMunaiGas to jointly buy a Kazakh oil producer for $3.3 billion.

April 1 - Australian zinc miner OZ Minerals agrees to sell most of its assets to Minmetals for $1.21 billion.

Feb 24 - Chinese steel mill Hunan Valin Iron and Steel says it will pay $770 million for a 16.5 percent stake in Fortescue Metals Group.

Feb. 5 - Shenzhen Zhongjin Lingnan Nonfemet, China's third-largest zinc producer, wins Australian government approval to acquire a controlling stake in zinc miner Perilya. Source: Reuters (Reporting by Euan Rocha and Jijo Jacob; Editing by Gillian Murdoch and Ian Geoghegan)

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