"He added that the Chinese mining companies appear to view this market as an opportunity to secure resources. That being the case, there are plenty of distressed Canadian companies that could become targets; he singles out Teck Cominco Ltd., Lundin Mining Corp. and Breakwater Resources Ltd. in his coverage universe. Teck is unlikely to be sold because of its dual share structure, but could get a cash injection similar to Rio Tinto, he noted."

God they are smart, they have effectively called the bottom with their actions in buying and putting their money where they see fit. Buy when there is blood in the streets and they are capitalizing now. Think of the pick and choose approach as they go on a world shopping spree? Value investing at it's best. IMHO