The wedding reception is said to have included live performances by pop stars for the enjoyment of the more than 1,000 guests who stayed at the Ritz Carlton, Marriott, and Hilton 5-star hotels and were flown in on three chartered jets. The bride’s dowry was 6 Ferrari sports cars.
"They need to clearly indicate to the market what their strategy around Olympic Dam is, around shale gas, all of these things, to return confidence that they're not spending huge amounts of capex for very low returns."
The closures and the dearth of new builds are as much a function of new environmental impact laws as it is of the US gas boom, which has sent natural gas prices to decade lows.
Most Chinese takeovers in the resource sector do not pose a threat to national security, says the author of a new report on Chinese investment in Canada.
"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.