Canadian government invokes national security to block Chinese takeover of Nunavut gold mine
Canada has blocked a Chinese state-owned mining company from purchasing a gold mine in Nunavut on national security grounds, signalling a new escalation of already high tensions between the two countries.
“The one thing I would say is that in taking action, the government has definitely shown that what we have built in Nunavut, they see as a important to Canada and nationally,” Jason Neal, chief executive of TMAC, said. Neal believed the government should be more supportive of companies that build infrastructure in Nunavut and other parts of the Arctic.
Source: Financial Post #Dec22
https://financialpost.com/commodities/mining/canada-blocks-china-shandong-gold-mining-buying-tmac?utm_medium=Social&utm_source=Twitter#Echobox=1608675178
#CanadaGoldMine #Nunavut #NationalSecurity #Canada #ChinaAcquisition
Canada has blocked a Chinese state-owned mining company from purchasing a gold mine in Nunavut on national security grounds, signalling a new escalation of already high tensions between the two countries.
“The one thing I would say is that in taking action, the government has definitely shown that what we have built in Nunavut, they see as a important to Canada and nationally,” Jason Neal, chief executive of TMAC, said. Neal believed the government should be more supportive of companies that build infrastructure in Nunavut and other parts of the Arctic.
Source: Financial Post #Dec22
https://financialpost.com/commodities/mining/canada-blocks-china-shandong-gold-mining-buying-tmac?utm_medium=Social&utm_source=Twitter#Echobox=1608675178
#CanadaGoldMine #Nunavut #NationalSecurity #Canada #ChinaAcquisition