SYDNEY - Northern Minerals on Tuesday said Australia’s government has blocked the heavy rare earths producer’s largest shareholder, China’s Yuxiao Fund, from increasing its investment on grounds of national interest.
“There is a special category of assets for any government to protect its national interest,” Mr Curtis said. Relations between the two countries are improving after years of strained ties, although Chinese “trade blockages” on Australian exports remain in place. Mr Wu invested in Northern Minerals for financial reasons, not to supply China, and voted in favour of an exclusive supply deal with Australia’s Iluka Resources last year, Mr Curtis said.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Australia blocks Chinese investment in rare earth firm citing national interest -executiveSYDNEY :Northern Minerals Ltd on Tuesday said Australia's government has blocked the heavy rare earths producer's largest shareholder, China's Yuxiao Fund, from increasing its investment on grounds of national interest.Yuxiao Fund sought Foreign Investment Review Board approval in August to raise its ownershi
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
Australia blocks Chinese investment in rare earths firm citing national interest -executiveSYDNEY : Northern Minerals Ltd on Tuesday said Australia's government has blocked the heavy rare earths producer's largest shareholder, China's Yuxiao Fund, from increasing its investment on grounds of national interest.Yuxiao Fund sought Foreign Investment Review Board approval in August to raise its own
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »