WeSearch

Foreign investor snub of divestment order 'extraordinary', says expert

https://www.abc.net.au/news/jess-baker/105573726· ·4 min read · 0 reactions · 0 comments · 2 views
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.

Original article
ABC News (Australia) · https://www.abc.net.au/news/jess-baker/105573726
Read full at ABC News (Australia) →
Opening excerpt (first ~120 words) tap to expand

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…

Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).

Anonymous · no account needed
Share 𝕏 Facebook Reddit LinkedIn Threads WhatsApp Bluesky Mastodon Email

Discussion

0 comments