Sichuan Taifeng Group

Sichuan Taifeng Group is a real estate company which announced on 6 May 2011 that it had signed a framework agreement with ASX-listed Ferrowest Ltd, and iron ore project developer, to become the mining company's majority shareholder (Interfax China M&M 6 May 2011].

At around the same time, the Group also made an offer to Padbury Mining (another Australian iron ore company) to secure a 19.9% stake in the company [MJ 6 May 2011].