17 October 2014 marks the 30th anniversary of the establishment of Chambers & Company and our law firm’s appointment by the Chinese Government as the lawyer on the AUD$420 million Channar iron ore joint venture with Hamersley Iron in October 1984.
The Channar project is recognised as China’s first overseas project. A letter of entrustment was signed on the day for our appointment signed by Mr. Zeng Junwei, the inaugural chairman of China Global Law Office and Mr. Jiao Yushu, president of Anshan Steel Research Institute representing the Chinese steel industry.
After extension negotiations, the Channar joint venture was extended for a further five years in December 2010. Mr. Chambers AO is still continues as a Director of Sinosteel’s holding companies for this project and represents Sinosteel on the Policy Committee of the joint venture. Today the Chinese interest is held by Sinosteel Corporation.
See our press release in The Australian newspaper HERE.