China's ore lust is long term not near term

04 February 2009 @ 08:02 am EDT

One of Australia's best known analysts and share market commentators, Keith Goode, of Sydney-based Eagle Advisory Service (ERA), reckons China is clearly on a quest now to control orebodies outside of China to achieve a goal not focused now on three years ahead but for the next 20 to 40 years. This, he said, was being achieved either by funding companies or controlling them - acquisitions in today's dire climate being achieved at bargain prices.  Goode makes a sweeping assessment of the changing times in China and the impact this is having on global commodity prices and Australian miners and mine developers in particular.

For more mining information, go to www.mineweb.com

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