Baosteel agrees to buy 15% stake in Australian miner Aquila
Baosteel Group, China's largest steel maker, said on August 28 it has agreed to pay 285.6 million Australian dollars (US$240.7 million) for a 15-percent stake in Australian miner Aq-uila Resources. Baosteel will buy up to 43.95 million shares in Aquila at 6.5 Australian dollars a share.