China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

Three Gorges Corporation in talks to buy Columbia power plant—21st Century Business Herald

China Three Gorges Corporation is in talks to buy Columbia's state-owned power company Isagen, an official with the Chinese company confirmed yesterday.

"The talks are still at a preliminary stage and there are many uncertainties ahead," said the official.

China International Water and Electric Corp., a wholly-owned subsidiary of China Three Gorges Corporation, has set up a representative office in Columbia. The office will take charge of the Isagen talks as well as other project negotiations, according to the official.

Zijin to buy Australia's Indophil for US$500m—Hexun.com

Zijin Mining Group, China's largest gold producer, announced yesterday that it had signed an agreement on Sunday to take over Australia's listed gold and copper miner Indophil in a 545 million-Australian dollar (US$500 million) buyout.

The deal will also give Zijin a 37.5 percent interest in Sagittarius Mines' prime Tampakan copper-gold project in the southern Philippines, through Indophil’s stake in Sagittarius.

Huatai Securities gets nod for Shanghai IPO—Beijing Business Today

Huatai Securities yesterday got regulatory approval to sell 984.56 million shares in Shanghai, which will account for 16.97 of its total shares after the IPO.

Analysts put Huatai Securities' issue price at 12.3 yuan, which would allow the company to raise 12 billion yuan through the IPO.

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