To stop China’s Arctic Gold Mining Acquisition, Canadian Military Veteran: China may repeat the Model for South Sea
The Chinese state-owned Shandong Gold Group proposed to acquire a Canadian North-Pole gold min. The transaction was initially scheduled for completion before February next year. However, the Canadian Federal government extended the transection period for 45 days due to the national security review action. A Canadian retired major general lists the drawbacks of the transaction to the Globe and Mail, including allowing the Chinese to have the authority to use the strategically valuable Northwest Passage and the short distance to Canadian strategic infrastructure, opposing the authority to accept the acquisition.
Shandong Gold Group proposed to acquire a Canadian mining industry TMAC Resources’ North Pole gold mining in Hope Bay at CAD 230 million (around HKD 1.38 billion) in May this year. The mining location is close to the Northwest Passage, where it has high strategic value to Canada.
A Canadian retired military veteran David Fraser, was the officials to the major general, was a Canadian military commander in Afghanistan. He showed his strong opposition on this deal in an interview, pointing out that China continuously aims at being “near-Arctic power”. Once the relative mining acquisition is completed, Chinese authority can use the Northwest Passage entering the Arctic area. Fraser said that China is expanding its influence in the South Sea which can be a reference. “If China has the right for North Pole gold mining and the use of the port, how can we stop them from repeating the incidents happened there (South Sea)?”
#Canada #China #SouthSea #NorthPole #Arctic #NorthwestPassage #GoldMining #DavidFraser #GlobeAndMail
Source: Apple Daily #Dec02
https://hk.appledaily.com/international/20201202/4VQAVDV2WZAVHB3UMHCYOROIIY/
The Chinese state-owned Shandong Gold Group proposed to acquire a Canadian North-Pole gold min. The transaction was initially scheduled for completion before February next year. However, the Canadian Federal government extended the transection period for 45 days due to the national security review action. A Canadian retired major general lists the drawbacks of the transaction to the Globe and Mail, including allowing the Chinese to have the authority to use the strategically valuable Northwest Passage and the short distance to Canadian strategic infrastructure, opposing the authority to accept the acquisition.
Shandong Gold Group proposed to acquire a Canadian mining industry TMAC Resources’ North Pole gold mining in Hope Bay at CAD 230 million (around HKD 1.38 billion) in May this year. The mining location is close to the Northwest Passage, where it has high strategic value to Canada.
A Canadian retired military veteran David Fraser, was the officials to the major general, was a Canadian military commander in Afghanistan. He showed his strong opposition on this deal in an interview, pointing out that China continuously aims at being “near-Arctic power”. Once the relative mining acquisition is completed, Chinese authority can use the Northwest Passage entering the Arctic area. Fraser said that China is expanding its influence in the South Sea which can be a reference. “If China has the right for North Pole gold mining and the use of the port, how can we stop them from repeating the incidents happened there (South Sea)?”
#Canada #China #SouthSea #NorthPole #Arctic #NorthwestPassage #GoldMining #DavidFraser #GlobeAndMail
Source: Apple Daily #Dec02
https://hk.appledaily.com/international/20201202/4VQAVDV2WZAVHB3UMHCYOROIIY/