Mining

Investment deal sends stockpiled minerals from NWT rare earths mine to China – National

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Investment deal sends stockpiled minerals from NWT rare earths mine to China – National

The federal government says it’s monitoring a Chinese investment in a struggling Australian firm that owns Canada’s only operating rare earths mine. According to a release on the company’s website, the first stage in Shenghe Resources Holding Co., Ltd’s investment in Vital Metals was completed as of Monday, in shares issued to raise roughly $5.3 … Read more

Northern Territory Chief Minister Natasha Fyles resigns over shares scandal

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Northern Territory Chief Minister Natasha Fyles resigns over shares scandal

Northern Territory Chief Minister Natasha Fyles has resigned, eight months out from an election. Fyles, 45, held a snap press conference on Tuesday where she confirmed her intention to step down as chief minister and health minister. She said she had made an oversight and did not declare a share parcel, which came about after … Read more