How Chinese investors tried to take over Aussie mining company

Magnate Wu Tao and three others who appeared to be connected to him sought seats on Northern Minerals’ four-person board in what some at the company regarded as an attempted proxy takeover.

The Washington Post

Sat, 24 Aug 2024

By Michael E. Miller, with assistance from Lyric Li in SeoulA protracted corporate struggle between an Australian mining company and Chinese investors has pulled back a curtain on the intensifying global conflict for critical minerals as the United States and its allies try to break Beijing’s control over an industry that will be central to the green revolution.The boardroom battle began last year, when Northern Minerals – a small Australian miner with big designs on the world’s rare earths markets – needed to raise mone...

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