Sinosteel raises stake in Midwest http://news.bbc.co.uk/2/hi/business/7501856.stm
China imports iron ore for steel making from miners such as BHP Billiton A Chinese state owned steel trading firm has snapped up a controlling stake in iron ore miner Midwest.
Sinosteel raised its stake in Australia's Midwest to 50.9% as it tries to secure supplies of iron ore - a key ingredient for making steel. http://news.bbc.co.uk/2/hi/business/7501856.stm