Australia approves China Molybdenum’s Northparkes deal

Australia’s foreign investment board has approved China Molybdenum’s purchase of a majority stake in the Northparkes copper mine from Rio Tinto, clearing a significant hurdle for the US$820 million deal.

via Business feed http://www.scmp.com/business/companies/article/1293301/australia-approves-china-molybdenums-northparkes-deal