Australia warns foreign investors of resource sector limits

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Updated September 25, 2009 19:47:55

Australia has made it clear to foreign investors they can expect tough limits in the resources sector. The directive comes in a week when another Chinese company abandoned hopes of a share in an Australian mining company. Canberra's preference is for less than 50 per cent foreign ownership in new developments and a low 15 per cent in major miners.

Presenter: Karon Snowdon
Speaker: Stephen Bartrop, managing director, LimeStreet Capital

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