Stay updated with breaking news from Mike Que. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Australian Government, led by Treasurer Jim Chalmers, has blocked the acquisition of a majority stake in lithium miner Alita Resources by Austroid...
Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from Australia's Foreign Investment Review Board, a spokesperson for Treasurer Jim Chalmers said Friday. Chalmers issued a prohibition order stopping Austroid Corporation from acquiring an additional 90.1% of lithium miner Alita Resources, which would bring its…
Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from Australia's Foreign Investment Review Board, a spokesperson...
Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from Australia's Foreign Investment Review Board, a spokesperson for Treasurer Jim Chalmers said on Friday. Chalmers issued a prohibition order stopping Austroid Corporation from acquiring an additional 90.10% of lithium miner Alita Resources, which would bring its stake to 100%. Austroid Australia, the local subsidiary of the U.S. based Austroid, is also barred from a proposal to wholly acquire Alita, a prohibition notice shows.
An Australian mining company with links to China has been subject to a state government inquiry for selling ...