The Federal government has rejected a Chinese state-controlled mining company’s planned takeover of Canada’s TMAC Resources, after conducting a review of the potential security risks. Toronto-based TMAC Resources Inc. says Ottawa has turned down its deal to be bought by China’s Shandong Gold Mining Co. Ltd. following a review under the Investment Canada Act. TMAC…
Ottawa Rejects Chinese Company’s Takeover of Nunavut Gold Mine Over Security Concerns
December 22, 2020
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