Eyeing Gold Mine in Uzbekistan, Chinese Consortium Invest in AIM Quoted Oxus
Under the terms of the Financing, members of the Concert Party will make an investment in Oxus of approximately US$85 million by way of the issue of new Ordinary Shares in the company and convertible loan notes. In addition, members of the Concert Party will be granted warrants to subscribe for new Ordinary Shares in the company exercisable within five years of Admission for approximately US$20 million in return for an undertaking to arrange a further minimum of $80 million in project finance.
gold;Oxus;
January 12nd,2010
Chinese Tycoon Emerges to Grab Chilean Iron Ore Mine
With yet another new round of iron ore supply negotiations around the corner, Li says: "We want to break the monopoly of the international iron ore giants."
iron ore;Li Zihao;Rixin Development
January 8th,2010
SOEs May Sue Derivative Transaction Counterparties
Chinese state-owned enterprises (SOEs) suffering huge losses from fuel hedging transactions are threatening to strike back at their counterparties by taking them to Court.
derivatives,SOE,fuel transaction
September 10th,2009
Government Involves Itself in SOE Fuel Derivative Defaults
"To defend the security of state-owned assets, SASAC is undertaking investigation of oil structural option transactions, and it supports enterprises to resort to legal means, minimize losses and protect their interests through negotiations, consultations, and position management, and retain the rights to take further legal action."
September 8th,2009
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