Financial Times FT.com

Chinese assault on Australian resources

By Richard McGregor

Published: May 8 2008 17:29 | Last updated: May 8 2008 17:29

Chinese companies have launched an unprecedented assault on Australian resource groups, prompting complaints from China that its businesses are being treated unfairly.

The assault has been led by Chinalco, which in February raided the share register of Rio Tinto, the Anglo-Australian miner under siege from BHP Billiton, its bigger rival. But it also features Sinosteel, Shougang and China Metallurgical Group.

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