Fed:Swan says approved Energy Metals takeover by China entity
Treasurer Wayne Swan has confirmed that he and the Foreign Investment Review Board (FIRB) approved a 70 per cent takeover of Energy Metals Ltd in December by China Uranium Development Co Ltd.
Treasurer Wayne Swan has confirmed that he and the Foreign Investment Review Board (FIRB) approved a 70 per cent takeover of Energy Metals Ltd in December by China Uranium Development Co Ltd.
The treasurer was asked by independent MP Rob Oakeshott how the majority takeover was in the national interest when it involved nine uranium projects and largely left waste management in the hands of on-site company control.
AAP
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