18/06/2014 - 15:30

Baosteel plays to the power

18/06/2014 - 15:30

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Technically, Baosteel’s $1.4 billion bid for control of Perth-based Aquila Resources is an iron ore deal; but looked at slightly differently and it’s also a gold deal, because the Chinese steel giant is reminding the world of the golden rule of business that ‘he who owns the gold makes the rules’.

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