Baosteel and Aurizon launch $1.4 billion bid for Aquila

China's Baosteel Group Corp. and its partner Aurizon Holdings (ASX: AZJ) launched a bid Monday to acquire Australian iron ore and coal miner Aquila Resources (TSE, ASX: AQA) in a A$1.4 billion ($1.3 billion) deal. China's largest steelmaker Baosteel and Australia’s biggest freight company Aurizon is...