Financial Times FT.com

Minmetals blazes trail for acquisition

Published: September 29 2004 21:30 | Last updated: September 29 2004 21:30

By Francesco Guerrera and James Kynge

China's plan to buy Noranda, Canada's mining giant, for about $5bn represents the biggest deal by Beijing to secure resources to feed a voracious industrial appetite. It is the culmination of a trend and the start of something quite new.

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