Global Trade Alert
Global Trade Alert

Australia: Treasury blocks acquisition of Alita Resources Ltd by a U.S. company

Announcement

21 Jul 2023

In July 2023, the Australian government prohibited the U.S.-based Austroid Corporation from increasing its stake in an Australian mining company, Alita Resources Ltd.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Jul 2023

Revocation date:

No revocation date

Updated: 21 Jul 2023
FDI: Entry and ownership rule In force

On 21 July 2023, according to consistent news reports, the Australian government prohibited the U.S.-based Austroid Corporation from increasing its stake in an Australian mining company, Alita Reso...

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