Chinese Take Away
The Foreign Investment Review Board are currently assessing applications by Chinese state-owned miner Shenhua to be allowed to purchase 195 sq km of the Breeza Plain for their open cut coal mine. Is this really in Australia’s best interests?
By comparison, China has very restrictive rules regarding foreign investment in its own mining sector. Even BHP and Rio have failed make inroads into the country despite sustained exploration. Mining licences are not guaranteed after exploration. Clearly the Chinese wish to retain better strategic control of their mineral deposits.
If you wish to raise your concerns about this destructive intention for prime agricultural land, contact Patrick Colmer of FIRB: [email protected]