China-linked investors defy divestment order in Northern Minerals dispute
China-linked investors in Australian rare earths company Northern Minerals have not complied with a federal order to sell their stakes, according to a company update released five days after the deadline passed. The dispute centres on the Browns Range project in Western Australia's east Kimberley region, a heavy rare earths development seen as strategically important because of the minerals it contains. The latest disclosure adds a new stage to a long-running contest over foreign ownership and control of a critical minerals asset.Treasurer Jim Chalmers ordered six China-linked investors in May to divest their holdings by July 2 on national interest... [Continue Reading]
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