Northern Minerals Limited (NTU.AX)

Chinese rare earths investor fails to win seat on Australia's Northern Minerals board

SYDNEY (Reuters) -A Chinese mining investor has failed in a bid to join Australian rare earths mining company Northern Minerals' board on Thursday, days after Australia's Treasurer ordered the investor's private company to sell some of its shares. Treasurer Jim Chalmers earlier this week ordered several China-linked investors to dispose of Northern Mineral shares, amounting to 10.4% of its issued share capital, on national interest grounds. Yuxiao Fund had 60 days to offload 80 million Northern Minerals shares bought in September.