Comprehensive China Sankei News: February 24 , Valin Steel stake in Australia 's third largest iron ore producer Fortescue Metals Group Ltd ( hereinafter referred to as "FMG") matters finalized , Valin FMG will inject 558 million Australian dollars, get FMG16.48% of the shares , becoming its second largest shareholder , has increased to 17.40% , plus a few days ago in Rio Tinto Aluminium to inject $ 19.5 billion of money, the two sides reached a strategic cooperation agreement, which show that Chinese enterprises have realized that a lot of foreign exchange for control of resources is a wise choice.
Curtain "The acquisition of resource-based enterprises " have been opened
For China, up to $ 2 trillion in foreign exchange reserves in the face of the financial crisis, we are the biggest risk in the current series of domestic measures , rapid economic development needs sync up resources. It is predicted that China 's economy is likely to lead the recovery in the second half , and after recovery , if not solve the problem of resources , economic development will fall into a passive .
In fact , Chinalco Rio Tinto and Valin inject inject FMG two acquisitions is essentially the same, are injected cash in shares when the share price fell sharply , and resources are the epitome of Chinese enterprises to participate in the process of globalization , as the largest country in favor of reversing iron ore buyers, but the lack of status of the right to speak in the iron ore negotiations.
The purpose of the aluminum ore control and Valin Steel is different , the aluminum is not the end user , but there is a lot of Valin Steel end-user demand for imported iron ore imports requires a lot of foreign exchange, this time shares, its share price there may be more expensive than its name resources.
Some analysts believe that Valin Steel FMG shares the cost of imported iron ore can be locked to protect the supply of resources , in line with industry planning and development of overseas resources strategy. Rio Tinto aluminum injection is a large resource of aluminum products integrated into the international suppliers to pass.
