I found these FOI documents in relation to the Chinese takeover proposal:
http://www.treasury.gov.au/Access-to-Information/DisclosureLog/2011/CNMM
The concern from FIRB appears to be that the proposed sale of Lynas would be inconsistent with the government's policy of maintaining Australia's position as a reliable supplier to all trading partners.
would firb approve a japanese takeover?, page-8
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