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…
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Jim Chalmers blocks foreign takeover of Australian lithium producer Alita Resources | Bega District News begadistrictnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from begadistrictnews.com.au Daily Mail and Mail on Sunday newspapers.
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.