{"id":9965,"date":"2009-02-24T00:00:00","date_gmt":"2009-02-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"china-buys-into-australian-iron-ore-miner","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/china-buys-into-australian-iron-ore-miner.html","title":{"rendered":"China buys into Australian iron ore miner"},"content":{"rendered":"<p>TopNews &#8211;&nbsp;Fortescue Metals Group Ltd said Tuesday that Chinese steel maker Hunan Valin Iron and Steel will pay 558 million Australian dollars (357 million US dollars) for a 16.5-per-cent stake in the Australian <span class=\"IL_SPAN\">iron ore<\/span> miner. <\/p>\n<p>Under what&#8217;s known as a stand-still agreement, Valin will undertake to hold no more than 17.5 per cent of Fortescue.<\/p>\n<p>Valin will buy 225 million newly issued shares and buy 275 million Fortescue shares from US-based hedge fund Harbinger Capital.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.topnews.in\/china-buys-australian-iron-ore-miner-2130152\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TopNews &#8211;&nbsp;Fortescue Metals Group Ltd said Tuesday that Chinese steel maker Hunan Valin Iron and Steel will pay 558 million Australian dollars (357 million US dollars) for a 16.5-per-cent stake in the Australian iron ore miner. Under what&#8217;s known as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8114,8110,8109,108,2945,8112,1692,1422,8111,8113],"class_list":["post-9965","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-australian-dollars","tag-australian-iron","tag-fortescue-metals-group","tag-harbinger","tag-harbinger-capital","tag-iron-and-steel","tag-iron-ore","tag-stake","tag-steel-maker","tag-topnews"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9965"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9965\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}