Prepare for a wave of Chinese private investment

A new era of Chinese investment in Australia is upon us, and this time it’s not driven by large state-owned enterprises but by more nimble Chinese private interests.

Kingho, one of China’s largest private mining companies, has announced an all-cash tilt at the cash-strapped mining junior Carabella Resources, which has coal assets throughout Queensland.

Though the deal is only valued at $66 million, a pittance in the world of mega-mining transactions, the Chinese suitor is expected to cough up $900 million in the future to fund Carabella’s various projects.

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