Thankfully someone else has noticed this little game as well. If there is a country who isn't playing the game, I've yet to see them. Too bad the media too often helps promote this false story instead of calling them out.
Chinese-owned Minmetals has been blocked from acquiring the key asset in its $2.6 billion bid for OZ Minerals because the South Australian gold and copper mine was too close to a sensitive Australian defense facility, reports The Australian.And let's not forget China.
In addition, there's also trouble with a proposed $28 billion investment in Rio Tinto and some of its key mining projects by Chinese-owned Chinalco. The Australian government has labeled Chinalco a state-run firm. Under Australian law, state-run firms seeking to buy Australian companies have higher hurdles to jump than private ones.
China, of course, shouldn't escape blame. It recently blocked Coca-Cola Co.'s bid to buy its biggest domestic juice maker -- China Huiyuan Juice Group Ltd. On March 24, Chinese officials denied the decision was aimed at protecting a national brand, but few believe that line .
