Australia Blocks 3 China-Linked Investors From Northern Minerals Voting Rights
Updated
Updated · Bloomberg · Jul 14
Australia Blocks 3 China-Linked Investors From Northern Minerals Voting Rights
3 articles · Updated · Bloomberg · Jul 14
Summary
Three China-linked shareholders in Northern Minerals have been barred from voting or exercising other rights after Australia issued an interim direction against their stakes.
Treasurer Jim Chalmers ordered the curbs because the investors had defied earlier instructions to sell their holdings in the rare-earths miner.
Northern Minerals said the affected shares are held by Hong Kong Ying Tak Ltd., Real International Resources Ltd. and Qogir Trading and Service Co. Ltd.
The move tightens Canberra's control over foreign influence in a strategic rare-earths producer, a sector central to critical-minerals supply chains.