Canberra tightens restrictions on mining investments

Updated September 28, 2009 11:39:34

Canberra has made it clear to foreign investors they can expect tough limits to be imposed in the resources sector, as another Chinese company drops efforts to buy a majority stake 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
Speakers: Patrick Colmer, Director of the Government body the Foreign Investment Review Board; Stephen Hobgood Brown, Group Executive and General Council for Sino Gold Mining; Zhang Junsai, China Ambassador to Australia; Stephen Bartrop Managing Director of LimeStreet Capital