State-backed Chinese miner Minmetals could be looking to make further acquisitions in Australia, it has been suggested.
Minmetals is in the process of purchasing beleaguered resources firm OZ Minerals for AUD$2.6 billion, but could look to use that deal as a stepping stone for other takeover attempts.
When considering investment in other companies, representatives from Minmetals could use an Ansarada virtual data room to perform due diligence in a controlled and secure online environment.
Chief executive of OZ Minerals, Andrew Michelmore, told ABC's Inside Business television programme: "All the information I have is that they want this as their offshore vehicle to grow their base metals business."
Mr Michelmore also confirmed that his company would have been facing serious financial trouble had Minmetals not stepped in.
"At this point in time, having stared down the barrel of receivership or voluntary administration … this is the best outcome for our shareholders."
Earlier in February, the resources giant Rio Tinto increased its stake in the exploration firm Kalahari Minerals to 15.8 per cent.
