Business Spectator reports:
Western Plains’ decision to mount a very public assault on the Department of Defence over its refusal to support the aspiring magnetite producer’s proposed joint venture with China’s Wugang Australian Resources within the Woomera Prohibited Area is going to irritate the already inflamed sensitive issue of Australia’s attitude to investment by China’s state-owned enterprises.
Western Plains released a letter from the department this week that told the company the proposed joint venture at Hawks Nest, south of Coober Pedy in South Australia, would not be compatible with the department’s activities within the Woomera area on “safety, operational and national security grounds”. Therefore it would neither grant the level of access to Hawk’s Nest required by the proposal nor support Western Plains’ application to the Foreign Investment Review Board.
Complete story see http://www.businessspectator.com.au/bs.nsf/Article/Another-China-snafu-pd20090924-W7B7E?OpenDocument&src=kgb
No comments:
Post a Comment