Fortescue Metals Group chief executive Andrew Forrest says he always expected the federal government would allow a Chinese state-owned steelmaker to increase its stake in the iron ore miner, but expects no further equity investment.
China Minmetals' proposed takeover of OZ Minerals cannot go ahead if it incudes the target's mining operations in Prominent Hill because it would breach national security, Treasurer Wayne Swan says.
The Rudd government will introduce new laws to curb excessive termination payments for executives, amid community concern about high "golden handshakes" given to departing company heads.
A Chinese white knight for Oz Minerals may give stressed shareholders some relief but it will only add to the mounting pressure on federal Treasurer Wayne Swan who has the final word on foreign investment.
Laws to change for $30bn Rio deal; Crisis talks try to save Rudd's $42bn rescue bid; Leighton profit off 56pc but firms on Macmahon; China Inc move to send shudder through ore negotiators; Suncorp expecting $180m bill
Federal Treasurer Wayne Swan has defended Treasury's growth forecast, saying it does not conflict with more pessimistic predictions by the World Bank and the Reserve Bank of Australia.
A day after Treasurer Wayne Swan declared BHP Billiton and Rio Tinto's Pilbara rail lines open to third parties, Fortescue Metals Group Ltd says it has written to the mining giants seeking a rail co-operation deal.
Revealed: secret RBA advice; 1 million 'to be out of work by 2010'; Inflation no longer rules Swan's day; China fears drive BHP, market down; GPT in $1.6b raising as chief goes
Moguls' sons reshape media; Market falls wipes off another $40b; Sinosteel cleared for first Chinese tilt at WA miner; 'Patient' BHP hails its steel exposure; Research group denies grain levy is a rip off
