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FACTBOX: Australian Foreign Investment Deals Blocked

SYDNEY -(Dow Jones)- Australia's Foreign Investment Review Board rarely rejects applications outright, but several takeover attempts have been abandoned in recent years while the regulator was reviewing the case, or after it demanded modifications. *In 2001, then-Treasurer Peter Costello blocked Royal Dutch Shell PLC (RDSB.LN)'s attempt to take over Woodside Petroleum Ltd. (WPL.AU), citing concerns that Shell could control the North West Shelf offshore gas field, leading to diminished production from the field. *In 2008, state-owned Sinosteel Corporation abandoned a bid to acquire 100% of iron ore miner Murchison Metals Ltd. (MMX.AU) after FIRB extended its review of the application. The regulator later approved Sinosteel purchasing a 49.9% stake in the miner, but Sinosteel did not take up the offer. *In 2009, Treasurer Wayne Swan ordered that state-owned China Minmetals Non-Ferrous Metals Co Ltd could only takeover OZ Minerals Ltd. (OZL.AU) if it excised the Prominent Hill copper-gold mine, which lies inside the Woomera Prohibited Area, a weapons testing range. Minmetals took over all OZ Minerals' other assets to form Minerals and Metals Group Ltd., now Minmetals Resources Ltd. (1208.HK), while Prominent Hill was left as the only asset held by OZ Minerals. *In 2009, state-owned China Nonferrous Metals Mining Co. Ltd. walked away from an offer for Lynas Corp. Ltd. (LYC.AU) after FIRB indicated it would only accept a bid for less than 50% of the company. Internal documents later indicated concerns about China's control of the global market in the rare earths mined by Lynas. *In 2009, state-owned Aluminum Corp. of China Ltd. (ACH) walked away from a bid to double its stake in Rio Tinto PLC (RIO.LN), the company's U.K. listing, to 19% amidst political opposition to the deal within Australia. The deal would have raised Chinalco's holding in the company's Australian listing Rio Tinto Ltd. (RIO.AU) to 14.9%. Swan had approved Chinalco raising its stake in the U.K. listing to 14.99% the previous year, but the deal was abandoned before an application for the renewed bid was completed. -By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

Stock News for Cemex (CX)
DateTimeHeadline
05/21/201508:30:00CEMEX Announces Agreements to Exchange Approximately U.S.$626...
05/19/201516:40:00CEMEX Helps Build Resilient and Sustainable Urban Communities
05/14/201508:30:00CEMEX Announces New U.S.$300 Million Investment in the Philippines
05/07/201506:00:00Pattern Energy Reports First Quarter Results
05/07/201506:00:00Pattern Energy Reports First Quarter Results
05/01/201516:49:19Cemex SAB de CV Rating Reiterated by Zacks (CX)
04/30/201517:16:00CEMEX Announces Subscription Issue Price of New CPOs
04/27/201508:45:00CEMEX Files Annual Report on Form 20-F for Fiscal Year 2014
04/23/201518:21:48ADR Shares End Higher; Ericsson Drops, Logitech Rises
04/23/201507:30:00CEMEX Reports First-Quarter 2015 Results
04/13/201517:30:00CEMEX Denounces Timeshare Fraud
04/10/201517:10:00CEMEX Latam Holdings to Report First Quarter 2015 Results on...
03/27/201507:38:24Cemex earmarks $100M of assets for sale
03/25/201516:05:00CEMEX Announces Interest Rate and Initial Conversion Rate Applicable...
03/17/201517:24:32ADR Shares End Mixed; BHP Billiton Shares Rise
03/11/201518:30:00CEMEX Announces Exercise of U.S.$200 Million of Note Purchase...
03/11/201517:15:00CEMEX to Host Its Annual CEMEX DAY On March 17, 2015
03/02/201506:00:00Pattern Energy Reports Fourth Quarter and Full Year 2014 Financial...
03/02/201506:00:00Pattern Energy Reports Fourth Quarter and Full Year 2014 Financial...
02/26/201522:36:00CEMEX Announces Pricing Of â¬550 Million And U.S.$750 Million i...

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