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Ban short-selling in the ‘national interest’, Chalice boss pleads

Peter Ker
Peter KerResources reporter
Updated

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Chalice Mining chief executive Alex Dorsch claimed short-selling of critical minerals stocks should be banned “in the national interest” to ensure “geopolitical opponents” cannot hold back the development of Australian mines.

His plea to replicate a similar ban adopted by South Korea’s regulator in November, which was met with consternation from market participants, follows Chalice shares falling 72.9 per cent this year after the company disappointed the market with the results of a scoping study into its Gonneville project north of Perth.

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correction

A previous version of this article incorrectly captioned shareholder Tim Goyder as Chalice chairman. Derek La Ferla succeeded Mr Goyder as Chalice chairman in 2021.

Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/ban-short-selling-in-the-national-interest-chalice-boss-pleads-20231215-p5erv7