Singapore
Investments in Australia
Singaporeans among 10 top most powerful companies in Australia. Australian Financial Review.
Sept 28, 2007

In a News Alert, the Review ranks two Singapore companies as 2nd and 3rd most powerful Asian businesses and their achievements in Australia, ahead of firms from China and Japan.

The top 10 are as follows: -

1) POSCO (Korea) Forced Queensland infrastructure review. Consolidated Minerals bidder. Top export customer. Possible BlueScope buyer. West Aust. iron ore infrastructure battle player.

2) Singapore Power (Singapore) – Takeover of Alinta could double its electricity and gas business, making it one of the most powerful forces in national infrastructure development.

3) SingTel (Singapore) – Won government-funded deal to deliver broadband services to rural areas while larger rival Telstra was fighting with authorities over regulation issues.

4) Baosteel (China) – Offtake deal triggered share price surge for Fortescue Metals Group. Lead negotiator for Chinese iron ore buyers. Biggest Chinese customer.

5) Mitsubishi (Japan) – Big energy buyer and trading house stepped up Japanese competition with China in second-tier minerals exploration with its Murchison Metals alliance.

6) Sinosteel (China) – First Chinese minerals investor and large resources buyer is key player in Midwest/Yilgarn bid to build new WA iron ore development infrastructure.

7) Nippon Steel Corporation (Japan) – Australia’s biggest customer. Led Japanese company push to fix NSW and Queensland coal transport infrastructure. Iron ore and coal mines in three states.

8) CITIC (China) – Pioneer Chinese investor launched diversification into coal and uranium as part of a worldwide move into energy, including 19 per cent stake in Macarthur Coal.

9) Hutchison Whampoa (China) – Took over Hutchison Telecommunications with $2.8 billion rights issue adding to the infrastructure influence of Asia’s richest man Li Ka-shing.

10) Inpex (Japan) – Japan’s largest offshore oil company is leading a bid to develop a major new offshore gas project in WA’s Browse Basin, plus other exploration projects.
Australian Financial Review