Shandong Yulong Gold, which used to make steel pipes before changing its name and business focus, offered to acquire Barto Industry, an Australian gold miner, from Shandong Tianye, an international private-owned enterprise that is involved in real estate, mining, finance and other industries, for $190m. The deal still requires a number of approvals, including from Australia's Foreign Investment Review Board. On April 23, 2021; Shandong Yulong mulls terminating the $190m deal to acquire Barto Industry.