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Australian Defence Departement Blocked Chinese Iron Ore Project in Central South Australia
Chinese investment in an Australian iron ore project has been blocked by the Defence Department in a move that has angered the mining industry.
Defence has told mining company Western Plains Resources that it will not agree to Chinese partners investing in its Hawks Nest project 120km south-east of Coober Pedy in central South Australia.
China Mining Investment and Development in Australia May Hold
Australia’s Senate may hold an inquiry as early as next week to scrutinize investments by Chinese state-owned companies after Aluminum Corp. of China’s bid for a stake in Rio Tinto Group.
China Mining Exploration Expansion, Chinalco Acquisition of 12% of The Mining Group Rio Tinto
The Australian government has approved the Chinese acquisition of a stake in the mining group Rio Tinto, potentially throwing an obstacle in the path of BHP Billiton’s £70bn bid for the company.
Chinalco, in partnership with the American mining group Alcoa, spent £7bn to become Rio Tinto’s largest shareholder in February. The acquisition of 12% of [...]
British giant B Group $12.9 billion bid for Origin Energy
BRITISH giant BG Group has launched the biggest-ever foreign takeover in the Australian energy sector with a $12.9 billion bid for Origin Energy.
The unsolicited bid, which will require the approval of the Foreign Investment Review Board, comes as companies from resource-hungry countries such as China pursue takeovers across the Australian mining and energy sector.
Origin Energy [...]
