Australia tightens divestment conditions for Northern Minerals shareholders
10/08/2026 01:19
Australia tightens divestment conditions for Northern Minerals shareholders Aug 10 (Reuters) - Australia's Northern Minerals NTU.AX said on Monday the federal government had tightened restrictions on two shareholders ordered to divest their stakes, requiring Treasurer Jim Chalmers' approval before a share sale can proceed.
The rare earths miner said Chalmers had amended interim directions covering Hong Kong Ying Tak, British Virgin Islands-registered Real International Resources, and Hong Kong-registered Qogir Trading & Service.
Under the revised conditions, any disposal can proceed only if the Treasurer is satisfied the buyer is not an associate of the seller.
(Reporting by Rajasik Mukherjee; Editing by Sherry Jacob-Phillips)
Recent news on Northern Minerals
See all newsBrief: Northern Minerals Says ASIC Grants NTU Further Extension Of Time To Hold 2025 AGM
Australia Treasurer welcomes RBA decision to hold rates
Australia tightens curbs on two Northern Minerals shareholders ordered to divest (updated)
Brief: Northern Minerals Says Treasurer Amends July 2026 Interim Directions
Australia tightens divestment conditions for Northern Minerals shareholders