Tag: minerals sector

Canada to invest $10M in critical minerals mining

NAM Staff

Canada’s Minister of Energy and Natural Resources has announced two investments of C$5 million each to the Mining Innovation Rehabilitation and Applied Research Corp (MIRARCO) and Electra Battery Materials to support the country’s critical minerals sector. “Today’s total investment of $10 million to Electra and MIRARCO will help to advance the development of dynamic and competitive critical minerals value chains…

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Chinese investment in Canadian miners to continue: Ambassador

NAM Staff

Chinese ambassador Cong Peiwu said that the country will “continue to do business on the basis of mutual respect and mutual benefit” with Canada’s domestic critical minerals sector despite a recent crackdown on foreign investment, reported Bloomberg. Cong told Bloomberg News that the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies. “Politicizing…

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