China Failed Mining Deals Top $45 Billion on Hanlong Bungle

China Failed Mining Deals Top $45 Billion on Hanlong Bungle

Midwest Corp. via Bloomberg

A front end loader operates at one of Midwest Corp.'s facilities. Sinosteel Corp.’s acquisition of Australia’s Midwest Corp. for A$1.4 billion ($1.5 billion) in 2008 was an example of a poor investment.