Shandong Group Co., Ltd. has reportedly purchased a 51% share of Focus Minerals Ltd., with the approval of the Australian foreign investment auditing organization.

Focus announced in a statement that Australia's Foreign Investment Review Board had informed Shandong Gold that it did not oppose the purchase in accordance with the government's foreign investment policy.

Shandong Gold will spend AU$ 225 million (US$ 232 million) purchasing about 4.5 billion shares of Focus at AU$ 0.05 a share.

Since this year, the Shandong Gold Group Co., Ltd. has ranked first in gold output throughout China.

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