politics Australia
Government considers nationalising Northern Minerals
6investors
Investors were ordered by Jim Chalmers to divest from Northern Minerals.
Resources Minister Madeleine King said nationalising Northern Minerals remains an option after China-linked investors failed to comply with orders to divest. The company is developing the Browns Range rare-earths project in Western Australia.
1 sourceabc.net.auUpdated
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Madeleine King said nationalising Northern Minerals was an option for the Australian government.
“I guess it is one option”
- 6investors
Investors were ordered by Jim Chalmers to divest from Northern Minerals.
“ordered six investors which hold around 17 per cent of Northern Minerals to divest”
- 17%
The six investors held about 17 per cent of Northern Minerals when the divestment order was issued.
“six investors which hold around 17 per cent of Northern Minerals”