Australia Curbs Rights of China Investors in Rare-Earths Miner
- Treasurer Jim Chalmers has frozen the shareholder rights of Chinese-linked investors trying to control a key Australian rare earth mining project.
- The Albanese government is concerned about Chinese efforts to increase shares in companies holding Australian critical mineral tenements used in electric motors and military hardware.
- Chalmers issued orders preventing three investors in Northern Minerals from voting or exercising rights at company meetings.
- The government believes these investors were ordered in May to divest their stakes in Northern Minerals but did not comply.
11 Articles
11 Articles
Sydney Morning Herald
Australia freezes Chinese investor rights over key rare earth project
Australia has frozen the rights of a group of Chinese-linked investors it fears are seeking to illegally gain control over a key Australian rare earth mine.
Chalmers curbs rights of China interest in rare earths miner
The Federal Government has moved to block three China-linked shareholders of rare earths miner Northern Minerals from voting or exercising other rights after defying earlier orders to sell their stock.
Australia Curbs Rights of China Investors in Rare-Earths Miner
Australia’s government has moved to block three China-linked shareholders of rare earths miner Northern Minerals Ltd. from voting or exercising other rights after they defied earlier orders to sell their stock.
Australian Treasurer Jim Chalmers has frozen the shareholder rights of three Chinese-linked companies in a rare earth enterprise. He believes these shareholders attempted to illegally gain control of a strategically important rare earth mining project in Australia.
Australia freezes corporate voting rights over foreign investment breach
Australia's government has ordered Northern Minerals to disregard the voting rights of three China-linked investors because they failed to divest their stakes in the company as demanded under the country's foreign investment regime.
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