China's second- largest iron ore trader, Sinosteel, is understood to be seeking a major stake in Perth-based Grange Resources Ltd's $1.5 billion dual Southdown iron ore project near Albany and Kemaman iron ore pellet operation in Malaysia.

China's second- largest iron ore trader, Sinosteel, is understood to be seeking a major stake in Perth-based Grange Resources Ltd's $1.5 billion dual Southdown iron ore project near Albany and Kemaman iron ore pellet operation in Malaysia.