abc.net.au/news/government-blocks-yuxiao-fund-increase-stake-northern-minerals/102036224The federal treasurer has quietly blocked a Chinese-linked investment fund from increasing its stake in a strategically crucial Australian rare earths producer, in another sign the government remains intent on building up trusted critical minerals supply chains.Yuxiao Fund applied to increase its stake in Northern Minerals from just under 10 per cent to 19.
The ABC has been unable to reach Yuxiao Fund, and Northern Minerals did not respond to the ABC's request for comment. The decision once again highlights the sensitivities surrounding critical mineral supply chains, which are crucial to the renewable energy transition and remain dominated by China.
Worth following up . Let’s see who gets the goodies. My bet’s on the largest offshore “investor” the USA. abcnews
danielt10439873 Bout time
china SenatorWong ?. Lambing flat,Young NSW.? XHNews has been with minerals based development,ahead of day one InvasionDay. BBCAfrica .Investing money . Fantastic alternacy,to handing redcoat monopoly. euronews MPSWestminster blocking AsiaSociety? VoiceToParliament?☠️
This is bad! This means both our government and major media are basically controlled by the US government.
Firstly keeps getting news from the US media - Reuters. Secondly the move is purely political and it’s not for our national’s best interest we are just being forced by the US government to do this
Well done
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