Latest Australian Institute of International Affairs News & Updates

Australian Treasurer Orders China-Linked Shareholders to Sell Holdings in Rare-Earth Miner

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New Delhi, May 19 (IANS) Australian Treasurer Jim Chalmers issued orders to six China-linked shareholders to sell their holdings in rare-earth miner Northern Minerals over concerns that Chinese parties want to take control of the company, a report has said.The report from Nikkei Asia said the move aims to protect Australia’s national interests and ensure compliance with the foreign investment framework.Australia wants to thwart control attempts at Northern Minerals, which is developing the Brown…