MOSCOW, April 12 - RAPSI. The Magnitogorsk Iron and Steel Works's (MMK) minority shareholder, who stood against the acquisition of Australian Flinders Mines Limited, might have acted in the interest of Kazakh Eurasian Natural Resources Corporation (ENRC), the PRIME business news agency reported with reference to its sources.

MMK confronted with its major iron ore supplier ENRC in 2011, according to PRIME.

Furthermore, some Chinese companies interested in purchasing Flinders Mines could be against the deal.

The Siberian steel corporation sought to purchase Flinders Mines for $537 million in November. The transaction was endorsed by nearly all of the regulatory authorities.

Flinders Mines' shareholders approved the purchase in late March. The proposed transaction structure was submitted for consideration to the Federal Court of Australia.

However, the transaction was opposed by the MMK minority shareholder who claimed the deal would infringe on his interests, could involve financial and operation risks and would affect the return on his investments. The Chelyabinsk Region Commercial Court in Siberia prohibited MMK from acquiring a 100-percent interest in Flinders.

The court has held so as an interim relief in the lawsuit filed by the MMK minority shareholder.