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Top News In சாண்டோங் தங்கம் சுரங்க இணை லிமிடெட் Today - Breaking & Trending Today

Number of Forecasts For Gold Point Toward The Precious Metal Performing Well in 2021

PALM BEACH, Fla., Jan. 21, 2021 /PRNewswire/ Historically, in times of global crises, gold, as a safe haven, has performed positively, and2020 was no exception. An article in CNBC said that ....

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Canadian Government Blocks Foreign Acquisition Of Canadian Gold Miner On National Security Grounds - Government, Public Sector

The Canadian government has exercised its authority under the
national security provisions of the
Investment Canada Act
(ICA) to prohibit Shandong Gold Mining Co., Ltd. (Shandong), a
Chinese state-owned enterprise (SOE), from acquiring Canadian gold
producer TMAC Resources Inc. (TMAC). This decision serves as yet
another reminder to foreign investors of the need to consider the
potential application of the ICA s national security provisions
when planning investments in Canadian businesses.
Following the announcement of the government s decision, a
Canadian gold miner, Agnico Eagle Mines Limited (Agnico), announced
that it had entered into agreements to purchase TMAC in place of
Shandong. ....

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Government of Canada Rejects TMAC Sale to Shandong Gold Mining Co., Ltd.

Press release content from Business Wire. The AP news staff was not involved in its creation.
Government of Canada Rejects TMAC Sale to Shandong Gold Mining Co., Ltd.
December 22, 2020 GMT
TMAC Resources Inc. (TSX: TMR) (“
TMAC ” or the “
Investment Canada Act (Canada) directing Shandong Gold Mining Co., Ltd. and its affiliate (“
Shandong ”) not to implement the plan of arrangement (the “
Transaction ”). As a result, the Transaction between TMAC and Shandong will not proceed. TMAC and Shandong are in discussions regarding termination of the Transaction.
Jason Neal, President and Chief Executive Officer of TMAC, stated, “The Transaction whereby Shandong would acquire 100% of TMAC, as announced on May 8, 2020 and approved by 97% of our shareholders on June 26, 2020, did not receive Canadian regulatory approval and will not proceed.” ....

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TMAC says feds have blocked takeover by China's Shandong Gold

TMAC says feds have blocked takeover by China s Shandong Gold
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The proposed takeover of TMAC Resources Inc. by Chinaâs Shandong Gold Mining Co. has been blocked by the federal government, according to a release from the Toronto-based miner.
âTMAC Resources Inc. has been informed that the Governor in Council has issued an order under the Investment Canada Act directing Shandong Gold Mining Co., Ltd. and its affiliate not to implement the plan of arrangement. As a result, the transaction between TMAC and Shandong will not proceed,â TMAC said in its release late Monday.
A spokesperson for Industry Minister Navdeep Bains was not immediately available for comment Tuesday. ....

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