Foreign investor snub of divestment order 'extraordinary', says expert
China-linked investors in a Western Australia rare earths company have yet to comply with federal Treasurer Jim Chalmers's latest order to sell their shares.
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China-linked investors' refusal to divest from WA heavy rare earths company 'extraordinary', expert saysJBy Jess BakerABC KimberleyTopic:Mining and Metals IndustryWed 8 Jul 2026 at 3:56pmWed 8 Jul 2026 at 3:56pmWed 8 Jul 2026 at 3:56pmThe Browns Range site near Halls Creek holds one of the world's few high-grade heavy rare earth deposits outside of China. (Supplied: Northern Minerals)In short:China-linked investors in a Western Australia rare earths company have yet to comply with federal Treasurer Jim Chalmers's latest order to sell their shares.An industry expert says the government's three-year wrestle with shareholders over control of Northern Minerals is "extraordinary".What's next?The expert says Mr Chalmers may appeal to the federal court to enforce his orders, but attaining…
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