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Australia orders firms to sell stakes in rare earths miner
Key takeaways
- The treasurer ordered China-linked companies to divest of Northern Minerals to protect Australia's interests.
- Treasurer Jim Chalmers said he had issued orders on Monday following concerns that Chinese investors had tried to take control of Northern Minerals.
- The Australia-based mining company is developing its Browns Range project in the far north of the state of Western Australia to mine significant reserves of dysprosium and terbium.
Why this matters: an international story with cross-border implications worth tracking.
The treasurer ordered China-linked companies to divest of Northern Minerals to protect Australia's interests.
https://p.dw.com/p/5Dt D4Treasurer Jim Chalmers, seen here in 2025, wants Chinese-linked shareholders to sell their Northern Minerals shares within 14 days Image: David Gray/AFPAdvertisement Australia ordered the shareholders linked to China to sell their stakes in Northern Minerals, a company that is developing a rare earth mine.
Treasurer Jim Chalmers said he had issued orders on Monday following concerns that Chinese investors had tried to take control of Northern Minerals.
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