WASHINGTON—China is reportedly looking into curbing the export of rare earth minerals to the United States, which may become a new source of friction between the two countries. China’s Ministry of Industry and Information Technology in January proposed draft controls on the production and export of rare earth minerals and provided 30 days for public…
Australia Funds Tungsten Mine, While Slowly Prying Beijing’s Grip on Global Supply
Australia has taken another step forward to loosening Beijing’s grip on the world’s critical mineral supply chains. The Tasmanian state government is offering a $10 million loan to the long-dormant Dolphin Tungsten mine on the remote King Island located in Australia’s Bass Strait. An additional $15 million of federal government support is currently being negotiated….
Australia Allows Chinese Purchase of Gold Miner While Canada Says ‘No’
December 31, 2020
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China’s second-largest state-owned gold mining company Shandong Gold has won a bidding war to gain control of Australian gold miner Cardinal Resources. This comes after Five Eyes’ partner Canada blocked Shandong from acquiring a local mine in the strategically important Arctic Circle. Over a seven-month period, the state-owned Shandong Gold vied mainly with Russian firm…
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