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Documents obtained by Bloomberg show Australia blocked a 2009 bid by China to purchase 52% of...

  • Tuesday, February 15, 2011, 1:40 PM ET
    Documents obtained by Bloomberg show Australia blocked a 2009 bid by China to purchase 52% of strapped rare earth miner Lynas (LYSCF.PK) over concern it could threaten supplies to non-Chinese users. Lynas subsequently raised cash elsewhere, and its value has risen 25X since the 2009 bottom.
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This news story has 3 comments:

  •  
    So let me get this straight, Australia blocks an offer from China to purchase 52% Lynas in 2009, raises cash elsewhere....... but when Canada blocks Australia's BHP's offer for POT in 2010, Canada is accused of protectionism....... and POT's share price is now what since that first & only low ball offer........ Seems to me that OZ is really down under on the double standards........
    15 Feb 2011, 02:04 PM Reply Like
  •  
    No double standards. Australia and Canada both blocked.
    18 Feb 2011, 11:02 AM Reply Like
  •  
    You missed the point.....
    18 Feb 2011, 11:07 AM Reply Like
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