Aljazeera/AFP A. Nagi 21.7.23 said"Australia has barred the takeover of financially stricken lithium miner Alita Resources by a China-linked company after advice from Australia’s Foreign Investment Review Board, a spokesperson for Treasurer Jim Chalmers has said.
Chalmers issued a prohibition order stopping Austroid Corporation from acquiring an additional 90.10 percent of lithium miner Alita Resources, which would bring its stake to 100 percent. Austroid Australia, the local subsidiary of the US-based Austroid, is also barred from a proposal to wholly acquire Alita, a prohibition notice shows".
https://www.aljazeera.com/economy/2023/7/11/indonesias-electric-battery-hub-bid-clouded-by-mining-deaths?traffic_source=KeepReading
What are the chances that the FIRB would also block the looming sale of BHP's multi-billion coal assets, to purchasers with strong links to China (either China-based; or YAL, with its 60% Chinese majority "influence")?
If the FIRB did block it, could this leave WHC as the only realistic buyer of some of the BHP assets? And, therefore, could make a very lowball offer, as woke BHP appears to be very keen to divest itself of its "embarassing" coal assets?
(NHC & SMR have been reported as not interested. Unclear about US interest)?
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$5.99 |
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Mkt cap ! $4.986B | |||
| Open | High | Low | Value | Volume |
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