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China's Baosteel faces competition in bid for Aquila Resources

Cecilia Jamasmie | June 11, 2014 | 4:34 pm Australia China Europe Iron Ore 

Chinese steel giant Baosteel Resources $1.3 billion takeover bid for Australian explorer Aquila Resources (TSE, ASX: AQA) may have to get a lot more attractive as a new player increased its stake in the company by buying 49 million Aquila shares. Baosteel and its...

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