The Wire

As debate rages about China’s acquisition of Australian Resources, is yellow peril on the rise? China Minmetals Corporation has made its second bid for Australian mining company OZ Minerals, after the Australian government rejected its first bid on the grounds of national security. OZ Minerals Prominent Hill Mine, part of the initial proposal, is located 650km northwest of Adelaide in the Woomera Prohibited Zone. Jason Kuchel, Chief Executive of the South Australian Chamber of Mines and Energy, says foreign investment in the Australian mining industry is nothing new, and the Chinese government is nothing to worry about.