Sinosteel

Business News' annual export review charts the state’s reliance on a handful of major companies and commodities, despite the emergence of new players.

MID West iron ore projects have the potential to produce 67 million tonnes of iron ore per year, earning the state annualised royalties in the range of $42 million. 

AS the world enters its fifth year of economic turbulence and even the best-insulated businesses in Western Australia are being affected, the factors that determine business influence in this state ar

Shares in Brockman Resources were higher after the company signed a non-binding agreement with China's Sinosteel for the purchase of ore from Marillana ore project in the Pilbara, and possible investment opportunities.

Chinese company Sinosteel has formally become a substantial holder in Mid West iron ore miner Murchison Metals.

Two major shareholders in Western Australian iron ore miner Midwest Corporation Ltd have accepted the takeover offer from Chinese steelmaker Sinosteel, giving the bidder more than 82 per cent acceptances of its bid.

Following Chinese steel company Sinosteel's announcement that it had secured majority control in iron ore miner Midwest Corporation last week, questions have been raised regarding the potential of future acquisitions of WA mining companies.

Chinese steel making giant Sinosteel has indicated it may not support the proposed merger between takeover target Midwest Corporation Ltd and Murchison Metals Ltd as questions are raised over the latter's asset quality.

Chinese steel maker Sinosteel Corporation has declared its $1.36 billion takeover offer for iron ore miner Midwest Corporation Ltd unconditional.