MELBOURNE, May 18 (Reuters) – Australia Treasurer Jim Chalmers said on Monday he had issued orders for six shareholders to divest their holdings in Northern Minerals, following concerns that Chinese parties had tried to cake control of the rare earths miner.
The decision, made after advice from the Treasury and Australia’s Foreign Investment Review Board, aims to protect the country’s national interest and to ensure compliance with its foreign investment framework, Chalmers said in a statement.
“We operate a robust and non-discriminatory foreign investment framework, and will take further action if required to protect our national interest in relation to this matter,” he said in the statement.
(Reporting by Alasdair Pal in Sydney; Editing by Himani Sarkar)






