FMG sways in China iron ore talks

0 CommentsPrint E-mail China.org.cn, December 2, 2009
Adjust font size:

China's business press carried the following stories on Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

FMG sways in China iron ore talks—Beijing Business Today

After unilaterally terminating iron ore supply contracts with China in October, Fortescue Metals Group (FMG) has recently changed its tone, saying that it is still in negotiation with Chinese steel mills about supplying iron ore at earlier-agreed rates.

In August, FMG and China's steel mills agreed on discounts for the second half of the year that was higher than global mining giants Rio Tinto and BHP were offering other Asian mills. In return, FMG was supposed to get up to $6 billion in funding from Chinese investors to expand production.

However, after FMG failed to get the financing by the deadline on September 30, its Chief Executive Officer Andrew Forrest said the company would stop offering Chinese steelmakers an earlier agreed discount on its iron ore, a move that was widely deemed to be a unilateral termination of contracts.

China to continue eliminating outdated facilities—Shanghai Securities News

The state government is planning to roll out further measures to eliminate outdated production facilities in the power, coal, steel, cement, non-ferrous metal, coke, papermaking, leather and printing sectors, Shanghai Securities News reported Wednesday.

The new measures, to be jointly implemented by multiple ministries and commissions including the National Development and Reform Commission, the Ministry of Environment, the Ministry of Commerce and the People's Bank of China, will limit the supply of land to projects using outdated facilities and producing surplus output.

Export of high energy-consuming and high-polluting products will be strictly curbed and higher power, water and natural gas rates will be applied to outdated facilities.

Central Huijin to help banks replenish core capital—Shenzhen Economic Daily

It is rumored yesterday that China's big-four commercial banks will be given permission from one of their major stakeholders, Central Huijin Investment Co., to replenish their core capital with profits they are supposed to turn over.

If true, the four banks will no longer need to raise funds from the stock market, a private equity official was quoted as saying. "It will be a strong support to the stock market."

Spokesmen from the four banks did not deny the rumor.

"It is good news; such a possibility can't be ruled out," said an official from the Industrial and Commercial Bank of China.

An official from the watchdog earlier estimated commercial banks will need to raise 300 to 400 billion yuan to replenish their core capital next year.

PrintE-mail Bookmark and Share

Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Comments are moderated and generally will be posted if they are on-topic and not abusive.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 又粗又黑又大的吊av| 国产精品一卡二卡三卡| 国产叼嘿久久精品久久| JIZZYOU中国少妇| 日产精品99久久久久久| 九色在线观看视频| 欧美精品一区二区精品久久 | 伊人久久大线蕉香港三级| 老妇高潮潮喷到猛进猛出| 国产噜噜噜视频在线观看| 色偷偷亚洲女人天堂观看欧| 国产美女一级视频| 99久久99久久免费精品小说| 女同志videos| 一本大道一卡二大卡三卡免费| 成年黄网站色大免费全看| 久久久久亚洲精品无码蜜桃| 日韩欧美久久一区二区| 亚洲AV成人噜噜无码网站| 欧美亚洲另类综合| 亚洲导航深夜福利| 欧美牲交a欧美牲交aⅴ免费真 | 精品久久久久久中文| 双性h啪啪樱桃动漫直接观看 | 大战孕妇12p| mm1313亚洲国产精品无码试看 | 国产00粉嫩馒头一线天萌白酱| 超级乱淫视频播放日韩| 国产成年无码久久久免费| 男女下面一进一出视频在线观看| 国产麻豆精品原创| 91香蕉短视频| 国内精品久久久人妻中文字幕| 99久久成人国产精品免费| 大美香蕉伊在看欧美| a级毛片免费观看在线播放| 女人让男人桶30分钟在线视频| 一个人hd高清在线观看免费直播| 少妇无码太爽了在线播放| 一个人看的www片免费| 女神校花乳环调教|