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.
Australia Blocks Acquisition of Lithium Mine by China-Linked Firm voanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voanews.com Daily Mail and Mail on Sunday newspapers.