Centrex shares soar as Oz govt approves Wugang investment

By Zhang Qi | China Daily | Updated: 2009-11-06 08:39

Wugang will also acquire a 60% stake in the iron ore rights of 5 Centrex projects. Lin Qing

Shares of Centrex Metals Ltd jumped to a record in Sydney trading yesterday after the Australian government approved Chinese miner Wuhan Iron & Steel Group's (Wugang) A$271 million ($247 million) investment in the Australian iron ore firm.

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