Walk down a leafy street in Beijing and, amongst the imposing head offices of China’s most important enterprises, you will find Minmetals, advertising its presence in the upper strata of Chinese companies with bold, bright red letters. This is the state-owned company that successfully bid for Australian miner OZ Minerals.The outcome of Chinalco’s bid for Rio Tinto was less than happy for Beijing. China’s recent bid to take a large share of the Anglo-Australian mining giant failed on commercial g…
