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Canada rejects Shandong Gold s bid to buy Arctic mine over national security

Article content The Canadian government has rejected Shandong Gold Mining’s bid to acquire Canada’s debt-saddled TMAC Resources, the companies said, with the Chinese miner adding that the sale was blocked on national security grounds. As the COVID-19 pandemic has caused economic dislocation, countries from Australia to Canada have increased scrutiny on deals by state-run Chinese miners this year. We apologize, but this video has failed to load. Try refreshing your browser, or Canada rejects Shandong Gold s bid to buy Arctic mine over national security Back to video In a filing to the Shanghai Stock Exchange on Tuesday, Shandong Gold, one of China’s biggest gold miners, said it had received notice of a decision by Canadian authorities on Dec. 18 that it should not proceed with the deal.

Canada rejects Shandong Gold s bid to buy Arctic gold mine

Publishing date: Dec 22, 2020  •  December 22, 2020  •  2 minute read  •  Article content The Canadian government has rejected Shandong Gold Mining’s bid to acquire Canada’s debt-saddled TMAC Resources, the companies said, with the Chinese miner adding that the sale was blocked on national security grounds. As the COVID-19 pandemic has caused economic dislocation, countries from Australia to Canada have increased scrutiny on deals by state-run Chinese miners this year. We apologize, but this video has failed to load. Try refreshing your browser, or Canada rejects Shandong Gold s bid to buy Arctic gold mine Back to video In a filing to the Shanghai Stock Exchange on Tuesday, Shandong Gold , one of China’s biggest gold miners, said it had received notice of a decision by Canadian authorities on Dec. 18 that it should not proceed with the deal.

Canada rejects Shandong Gold bid to buy Arctic gold mine; TMAC shares tumble

4 Min Read (Reuters) -Canada rejected Shandong Gold Mining’s bid for indebted TMAC Resources, the companies said, amid concerns about a Chinese state-owned entity operating in the country’s sensitive Arctic region. FILE PHOTO: Gold nuggets are displayed at a booth of 18526 Yukon Inc at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 1, 2020. REUTERS/Chris Helgren/File Photo Canada and Australia have increased scrutiny on deals by state-run Chinese miners this year amid economic dislocation caused by the coronavirus pandemic. Ottawa’s decision could further strain Canadian-Chinese relations, already damaged by Canada’s December 2018 arrest of Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou at the request of the United States.

CCCGF - CHINA COMMUN CONS GRP NEW by China Communications Constructions Group Ltd Summary, Stock Quote and News

CCCGF - CHINA COMMUN CONS GRP NEW by China Communications Constructions Group Ltd Summary, Stock Quote and News
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Big projects abroad progress on SOE push--China Economic Net

Reliable supply chains of Chinese firms and strong preventive moves boost recovery China s centrally administered State-owned enterprises have either completed or made breakthroughs in a number of big-ticket projects in overseas markets in the fourth quarter of this year, thanks to their reliable supply chains and partner countries better-than-expected performance in containing the COVID-19 pandemic and boosting the local economy, according to the country s State-asset regulator. Supported by China s early recovery from the pandemic, central SOEs have become a vital force in many countries fight against the pandemic. SOEs have helped them to restore their growth power by adding investment in both the infrastructure and services sectors, said Ren Hongbin, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council.

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