Taiwan's Friday said that the company had to abandon investment subsidiary of MCG Australia coal mine plan, because the rights of a shareholder to exercise increased ownership of the mine.
　　
In the steel company said in a statement issued after the meeting of the Board, the company was unable to complete the investment transactions after MCG shareholders Bo to energy companies to exercise a priority. Steel company said, has not paid any money on the deal.
　　
Steel company Executive Vice President Li Qingchao, in order to achieve this objective of self-sufficiency rate of 9% of iron ore and coking coal, the company will continue to look for investment overseas mines.
　　
Li Qingchao said, at present the company is from Australia, and Brazil, and Indonesia and Canada's potential acquisition targets for negotiations, but he declined to give more details.



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