It is ‘perfectly the wrong time’ to license an iron ore mine to China affiliates

Australian Strategic Policy Institute’s Michael Shoebridge says the mine recently licenced to a firm with Chinese ties near a military training base and important gas reserves in rural Western Australia is concerning.

“Now seems almost perfectly the wrong time to be awarding a lease to a company with any connections into Hong Kong let alone mainland China around iron ore,” he told Sky News host Peta Credlin.

Mr Shoebridge said another look at the license application may be necessary as the firm’s ties to China and Hong Kong are troubling politically as is the agreement to a 12 year lease of an iron ore mine.

“Why are we giving them any market power in iron ore when we want to wield market power against them to leverage that power as they coerce us?”

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