BHP chief Marius Kloppers believes Australia needs more foreign investment to ensure the future of its resources industry.
Chinese company CREC Resources yesterday announced it had received FIRB approval for its proportional takeover of RMA Energy.
Approval of the $3.5 billion takeover of Felix Resources by China's Yanzhou Coal has come with a number of conditions.
China-based Yanzhou Coal Mining will today resubmit its $3.5 billion bid application for Felix Resources to the Foreign Investment Review Board (FIRB).
Australasian Resources managing director Andrew Caruso believes the FIRB proposal to cap foreign investments in underdeveloped projects will not pose too many problems for its Balmoral South Iron Ore Project.
A bidding war has started for Western Australian iron ore junior Polaris Metals.
The Foreign Investment Review Board has given the green light to the takeover of Sino Gold by Canada's Eldorado Gold.
The proposed $3.5 billion takeover of Felix Resources by Chinese State-owned Yanzhou Coal has been ruled fair and equitable by an independent evaluator.
Australian mining magnate Clive Palmer has savaged FIRB suggestions of capping foreign investment in mining companies.
FIRB has suggested plans to limit foreign investment in Australian mining companies to 15%.