Aurizon and Baosteel join forces in a bid for Aquila Resources

On Monday, 5 May, Aurizon announced a $1.4 billion joint off-market bid with Baosteel to acquire 100% of the share capital of Aquila Resources Limited. Baosteel is one of China’s leading iron and steel producers and currently has a 19.7% stake in Aquila Resources. According to mining analyst, Adrian Prendergast, this move would give Baosteel … Read more