Foreign persons generally require foreign investment approval before acquiring an interest in a tenement or the underlying land used to carry on a mining operation.
Under the foreign investment framework, a mining or production tenement is a type of Australian land for which acquisitions of interests generally require approval regardless of the value of the tenement. A higher monetary threshold applies for private investors from certain free trade agreement partners. However, the acquisition of an interest in a mining or production tenement that is national security land has a $0 threshold for all foreign investors.
For foreign government investors, the acquisition of an interest of at least 10 per cent in the securities of a mining, production or exploration entity is a notifiable and significant action, regardless of value. For private investors, acquiring securities in a mining, production or exploration entity may be a notifiable and/or significant action.
Within this guidance note you will find further information on mining and the topics below:
- When does an investment in mining require approval?
- Mining or production tenement
- Exploration tenements
- Mining, production or exploration entity
- Other foreign investment in mining