FACTBOX-Chinese investments in Australian resources

OZ Minerals (OZL.AX) chief executive Andrew Michelmore, who masterminded the sale of the world's No.2 zinc miner to Chinese state entity Minmetals, is stepping down to head Minmetals' Australian business.

Following are some of the major Chinese investments in Australia over the last year:

May 1, 2009 - Chinese state-owned China Nonferrous Metal Mining Group (CNMC) agrees to a deal to take a majority stake in Australian rare earths miner Lynas Corp Ltd (LYC.AX) for A$252 million ($185.7 million). CNMC will buy 700 million new Lynas shares at 36 Australian cents each to gain a 51.66 percent stake, Lynas says.

Feb 24, 2009 - Chinese steel mill Hunan Valin Iron and Steel says it will pay A$1.2 billion for a 16.5 percent stake in Fortescue Metals Group (FMG.AX), Australia's third-largest iron ore miner. The deal makes Valin the miner's No. 2 shareholder and gives it a seat on the Fortescue board.

Feb 12, 2009 - Chinese state-owned aluminium group Chinalco will invest $19.5 billion in miner Rio Tinto (RIO.AX) (RIO.L) in a deal that will secure resource supplies for China and help cut Rio's debts, Rio says. As part of the biggest overseas investment by a Chinese company, Chinalco will spend $12.3 billion on stakes of up to 50 percent in nine of Rio's mining assets.

It will also buy $7.2 billion of bonds convertible into shares of the world's largest aluminium maker, second-largest iron ore miner and a top-five copper producer.

Chinalco, the parent of listed Aluminum Corp of China Ltd (Chalco) (2600.HK)(601600.SS)(ACH.N), will potentially double its stake in Australia and London-listed Rio to 18 percent.

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