Opposition treasurer Angus Taylor has fired a shot across the...

Opposition treasurer Angus Taylor has fired a shot across the aisle as two WA mining aspirants face foreign investment headaches linked to China.Mr Taylor told The West Australian Labor is not delivering on its promise for a more efficient Foreign Investment Review Board approvals process and he also believes there are inadequate safeguards in place to protect Australia’s critical minerals.The Mark Creasy-backed CZR Resources is stuck in a bureaucratic abyss to get the FIRB green light for its January sale of an 85 per cent stake in the Robe Mesa iron ore project for $102m to Chuanshui (Frank) Yin’s Miracle Iron

FIRB approval was originally meant to be granted in February, but the self-imposed deadline has been repeatedly pushed out. This delay has puzzled CZR — Mr Yin is a long-time Australian citizen and the expected output from the Robe Mesa development in the Pilbara equates to less than one per cent of WA’s iron ore production.“While it would be inappropriate to comment on individual projects, Labor promised more efficient FIRB approvals in the Budget and it is clear they are not delivering,” Mr Taylor said.“It is crucial that there should not be further delays than necessary — this puts the viability of Australian businesses and jobs at risk.”