China’s second-largest state-owned gold mining company Shandong Gold has won a bidding war to gain control of Australian gold miner Cardinal Resources. This comes after Five Eyes’ partner Canada blocked Shandong from acquiring a local mine in the strategically important Arctic Circle. Over a seven-month period, the state-owned Shandong Gold vied mainly with Russian firm…
Australia Allows Chinese Purchase of Gold Miner While Canada Says ‘No’
December 31, 2020
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AustraliaCanadaChinaChina Business & Economychina goldFIRBgoldInternationalrare earthShandong GoldWorld
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Ottawa Rejects Chinese Company’s Takeover of Nunavut Gold Mine Over Security Concerns
December 22, 2020
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CanadaCanada's Far NorthChinachina arctic ambitionsChina Business & EconomyChinese Regimechinese state-owned enterprisesShandong GoldWorld
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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…
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