Chalmers blocks Chinese investor from rare earths stake
Brad ThompsonReporter
The Albanese government has lived up to its tough talk on critical minerals supply chains and blocked a Chinese businessman increasing his stake in a rare earths miner.
Treasurer Jim Chalmers has confirmed intervening to stop Yuxiao Fund, controlled by Wu Tao, increasing its stake in Northern Minerals from 10 per cent to 19.9 per cent based on advice from the Foreign Investment Review Board.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Mining
Fetching latest articles