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PRC again fails in Australian resources bid

China’s efforts to gain a greater stake in Australia’s resource industry suffered a new setback yesterday when a Chinese miner dropped a US$400 million bid for a controlling stake in an Australian rare earths miner.

Earlier yesterday, the Australian defense department rejected a separate Chinese investment in an outback mining venture, saying it threatened national security.

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Ball now in Ma's court on visit by Kadeer

A spokesman for Rebiya Kadeer yesterday confirmed that the exiled Uighur leader had accepted an invitation to visit Taiwan, adding that the administration of President Ma Ying-jeou (馬英九) holds the key to whether the visit will materialize.

Kadeer is more than happy to participate in the Kaohsiung Film Festival and speak to the Taiwanese public, Nury Turkel, president of the Uyghur American Association, told reporters in Washington.

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Newsflash

Close to half the members of the US Senate have signed a letter to US President Barack Obama urging him to sell F-16C/D aircraft to Taiwan.

Obama has been putting off a decision on Taipei’s request to buy 66 of the advanced fighters for more than a year now and the letter is thought likely to push the issue onto the front burner.

Washington sources said the US Department of State was against the sale because it risked badly damaging already fragile relations with China, while the US Department of Defense is in favor because Taiwan’s military is in dire need of a boost.