“… the Australian Federal Government invoked the “national...

“… the Australian Federal Government invoked the “national interest” to block a $14.1 million investment by a Chinese lithium chemical company in an Australian exploration junior that’s project was located, not in Australia, but in the Democratic Republic of Congo. That company, AVZ Minerals (ASX: AVZ), is now looking elsewhere for financing.
A week earlier rare earth company Northern Minerals (ASX: NTU) learned a $20 million planned investment from another Chinese company had also been blocked by Federal Government Treasurer Josh Frydenberg.
In late March, the Federal Government was reported to have placed what were described as severe and indefinite restrictions on all foreign investment bids……the clampdown on foreign investment bids does not specify China as the target, the evidence so far is that Chinese companies now face an uphill battle to buy up more of Australia.
This is a sea-change from the previous situation where that country’s cashed-up buyers found willing sellers, and accommodating government policy, here in Australia.”
https://*********.com.au/tensions-b...ing-covid-19-investigation-economic-coercion/


Easpring look to be out of contention now