It's just business and just zinc and copper. National security is mainly energy security for obvious reasons and iron ore because the latter is such a big balance of payments factor.
The Fed govt isn't going back down the W.A. Inc. route and "pick winners" (lol) with taxpayers'money. Whoever owns OZL still pays tax, employs people, etc.
Japan bank-rolled previous mining in Australia. China is competing with them now and this is a move that makes sense to them. It is a canny move, better than green-fields.
It's not a bad thing to get capital from a neighbouring country that has so much of it these days.
OZL got in the muck because of the stupid blowing of a billion dollars on a now-closed mine and being saddled with Oxr debts. Incredible to think zfx was paying a 70 cent dividend each half and was over $20 before the merger and the current fellow took the reins.
That's where the only disgrace lies, imo.
At least we can rest assured he has the relevant experience for this latest task - flogging a mining company and its resources for a great deal less than it is worth.
It's just business and just zinc and copper. National security...
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