China recently did the Rio Tinto deal and now they have purchased Oz Minerals of Australia for a 50% premium to the last traded price.
Makes sense, with 2 trillion overpriced USDs and collapsed commodity prices, sell your overvalued dollars for cheaper real assets that China will desperately need going forward.
Expect to see much more of this going forward.
http://bloomberg.com/apps/news?pid=20601087&sid=ah1qWWxdnvZ0&refer=home
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