JSW Group to invest $301m in India copper mines in non-ferrous foray as steel prices dull
The group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper.
Australia’s Treasurer Wayne Swan may soon have another foreign investment headache on his hands, as a Chinese entrepreneur says he has Beijing’s backing to step around Australian investment rules and become the world’s fourth force in iron ore.
Liu Han, chairman Hanlong Group said the company could achieve it within 10 years, giving China ”a say” in iron-ore price negotiations and stem as much as $80 billion in national losses flowing to the big producers.
