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Baosteel and Aurizon launch $1.4 billion bid for Aquila

Julienne Bay | May 05, 2014 | 10:19 am Australia China Europe Iron Ore 

China's Baosteel Group Corp. and its partner Aurizon Holdings (ASX: AZJ) launched a bid Monday to acquire Australian iron ore and coal miner Aquila Resources (TSE, ASX: AQA) in a A$1.4 billion ($1.3 billion) deal. China's largest steelmaker Baosteel and Australia’s biggest freight company Aurizon is...

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