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China ‘May Have Interest’ in Mid-Cap Mining Stocks, Says Citi

Friday, Jun 19, 2009
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June 18 (Bloomberg) -- China may have an “interest” in U.K. mid-cap mining companies after the failure of Aluminum Corp. of China’s proposed investment in Rio Tinto Group, with First Quantum Minerals Ltd. “the most obvious ‘fit,’” Citigroup Inc. wrote. “The failure of the Chinalco-Rio deal was a reminder that China recognises the need to secure access to raw material supply by direct offshore ownership of either projects or companies,” the firm wrote in a report.

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