Concerned Over Control, Australia Nixed China's Acquisition of Rare Earth Mineral Site in 2009
source: http://www.bloomberg.com/news/2011-02-14/australia-blocked-china-rare-earth-takeover-on-conc...
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- kerriberri
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Rare earth minerals are essential in the manufacturing of many electronics like mini harddrives and emerging nanotechnologies.
Bloomberg reports that Australia's Foreign Investment Review Board blocked a Chinese mining company from acquiring controlling interest in Lynas Corp, an Australian mining company, because “We have concluded that they would not be able to exclude the possibility that Lynas’ production could be controlled to the detriment of non-Chinese end users.”
http://www.bloomberg.com/news/2011-02-14/australia-blocked-china-rare-earth-take...
Bloomberg reports that Australia's Foreign Investment Review Board blocked a Chinese mining company from acquiring controlling interest in Lynas Corp, an Australian mining company, because “We have concluded that they would not be able to exclude the possibility that Lynas’ production could be controlled to the detriment of non-Chinese end users.”
http://www.bloomberg.com/news/2011-02-14/australia-blocked-china-rare-earth-take...
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- groups:
- Business News & Analysis
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- tags:
- Mining, rare earth minerals, rare earths
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Mr_Brainwash
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Go Australia! Not afraid to tell private interests to f#ck off.
- 1 year ago
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Mr_Brainwash
