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AnSteel gets Gindalbie approval

By Jiang Wei | China Daily | Updated: 2009-06-24 08:08

AnSteel gets Gindalbie approval

Magnetite diamond drilling cores are inspected in this undated Gindalbie Metals Ltd photo. China's AnSteel is planning to increase its stake in the Australian mining company through a share placement. Bloomberg News

Anshan Iron & Steel Group (AnSteel), a leading Chinese steelmaker, has got the final go-ahead from the Chinese government for an A$162.06 million share placement with Australian iron ore miner Gindalbie Metals Ltd.

AnSteel gets Gindalbie approval

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