Minmetals unit sets sight on global potash assets with bid for Australian miner
A unit of state-owned China Minmetals plans to invest $300 million to take control of Australian potash miner Highfield Resources, aiming to expand its reach into potash projects in Canada and Spain, coal miner Yankuang Energy said on Monday.In September, Highfield Resources had said it would raise $220 million from Yankuang Energy and other parties, a deal that would make the Chinese coal miner its majority shareholder.