A new report has found that China accounted for two thirds of Australian mining merger and acquisition deals in 2009.
The largest Chinese investment in Australia's resources sector to date has been approved by one of China's regulatory authorities.
The newly established Minerals and Metals (MMG) group is comfortable with its current financial situation and will not rush to tap Australian equity market to raise funds.
Approval of the $3.5 billion takeover of Felix Resources by China's Yanzhou Coal has come with a number of conditions.
Transport and logistics company QR yesterday announced a long-term coal haulage contract with BHP Billiton-subsidiary Hunter Valley Energy Coal.
China-based Yanzhou Coal Mining will today resubmit its $3.5 billion bid application for Felix Resources to the Foreign Investment Review Board (FIRB).
The proposed $3.5 billion takeover of Felix Resources by Chinese State-owned Yanzhou Coal has been ruled fair and equitable by an independent evaluator.
FIRB has suggested plans to limit foreign investment in Australian mining companies to 15%.
Felix Resources directors have supported a takeover offer from China's Yanzhou Coal Mining Company Limited.
China's state-owned Yanzhou Coal Mining has made a $3.5 billion takeover bid for Felix Resources.