Word: aluminum
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...arrests come weeks after the collapse of a bid by Chinalco, a state-owned Chinese aluminum manufacturer, to invest $19.5 billion in Rio Tinto. That timing prompted some observers to suggest that the arrests were retaliation for the spurned investment. (Read "Another Deal Blown, Where Will China Invest...
...some Australians, it is one thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state-owned enterprises have snapped up major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits in Australia. The bid sparked a huge controversy in Australia, with the political opposition running TV ads skewering any proposed deal...
...That alone would make the timing of the arrests interesting, at minimum. But they also come just weeks after Rio Tinto ultimately snubbed what would have been China's largest foreign direct investment ever: a planned $19.5 billion stake that Chinalco - Beijing's largest state-owned aluminum company - had offered Rio late last year, when prices for the commodities it mines had hit rock bottom as the global recession took hold. Since then, prices for iron ore and other commodities have rebounded, in no small part because of demand from China, which is in the midst of a huge, government...
...same time, the State Department sanctioned Namchongang Trading Company, based in Pyongyang, for being involved in the purchase of aluminum tubes and other equipment "specifically suitable for a uranium enrichment program since the late 1990s." The State Department believes the company may also have been involved in assisting Syria to build a covert nuclear reactor - one that Israel ultimately destroyed in September...
...coast of Washington State, but really aren't sure how to get started, try Lakedale Resort's pre-packaged camping trip. You'll get a 7-foot-by-9-foot dome tent that sleeps four, plus two sleeping bags and pillows, a double air mattress, a cooler, two aluminum mess kits, flashlights and folding chairs, plus a $10 voucher to the General Store. Rates start at $299 for two people for two nights at one of the Resort's lakeside campsites. You even get to keep all the equipment; all you have to do is set it up. San Juan...