No 1 source of global mining news and opinion
Chinese investment can’t be the solution for cash-strapped Canadian miners seeking financial backing, according to Canada’s natural resources minister.
“We need to be working to solve access to capital issues, but the answer cannot be investment from Chinese state-owned industries,” Natural Resources Minister Jonathan Wilkinson said Tuesday in an interview. Chinese firms have been pursuing investments in Canadian junior mining companies in recent months, suggesting that tougher federal government rules imposed in 2022 haven’t dissuaded China from delving deeper into the country’s mining sector. Canada and its allies have been discouraging efforts by China to deepen ties in domestic critical minerals companies to counter the Asian nation’s industry dominance.Transactions like Zijin Mining Group Co.
Canada’s crackdown “may not have totally dissuaded the Chinese, but they will all have to go through a national security review,” Wilkinson said.to secure C$17 million from a Chinese firm for a 19.4% stake in the Montreal-based company on Tuesday, a day after drawing criticism from Canada’s industry minister. Some miners have argued that the Canadian rules constrict access to capital when small mining firms are struggling to raise money.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese money still chasing Canadian critical mining deals despite Ottawa’s scrutinyNo 1 source of global mining news and opinion
Read more »
‘Blood Money’: Meet the Secretive Chinese-Funded U.S. Left-Wing Groups Driving Chaos in Our StreetsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Canadian graphite miner NMG scores deals with GM, PanasonicNo 1 source of global mining news and opinion
Read more »
Blinken, Chinese Foreign Minister Wang Yi to meet Friday at Munich Security ConferenceSecretary of State Antony Blinken and Chinese Foreign Minister Wang Yi are likely to discuss planning for a phone call this spring between President Joe Biden and Chinese leader Xi Jinping.
Read more »
Thousands Of Porsche, Bentley, Audi Cars Seized In US Over Banned Chinese PartThere are concerns forced labor may have been used to produce an electronic component in western China
Read more »
‘Some Rain Must Fall’: Watch Trailer For Chinese Filmmaker Qiu Yang’s Debut FeatureHere's a trailer for Chinese filmmaker Qiu Yang's first feature, Some Rain Might Fall, which premieres at Berlinale in February 19.
Read more »