{"id":6927,"date":"2024-03-20T17:59:28","date_gmt":"2024-03-20T17:59:28","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=6927"},"modified":"2024-03-20T18:14:32","modified_gmt":"2024-03-20T18:14:32","slug":"chinese-investment-in-canadian-miners-to-continue-ambassador","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2024\/03\/20\/chinese-investment-in-canadian-miners-to-continue-ambassador\/","title":{"rendered":"Chinese investment in Canadian miners to continue: Ambassador"},"content":{"rendered":"

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Chinese ambassador Cong Peiwu said that the country will \u201ccontinue to do business on the basis of mutual respect and mutual benefit\u201d with Canada\u2019s domestic critical minerals sector despite a recent crackdown on foreign investment, reported Bloomberg<\/em>.<\/p>\n\n\n\n

Cong told Bloomberg News<\/em> that the Canadian government is \u201cwrong\u201d to prevent Chinese investors from buying majority stakes in domestic mining companies. \u201cPoliticizing normal commercial cooperation and using national security as a pretext for political interference is wrong. China has expressed firm opposition to this.\u201d<\/p>\n\n\n\n

His remarks follow Natural Resources Minister Jonathan Wilkinson\u2019s reaffirmation that miners with Chinese stakes will face strict national security reviews. <\/p>\n\n\n\n

So far this year, Zijin Mining has initiated plans to buy a 15% stake in Solaris Resources, Ganfeng Lithium moved to take a 15% stake in Lithium Americas Argentina, and Yintai Gold agreed to buy gold explorer Osino Resources for $368 million.<\/p>\n\n\n\n

Canadian government officials told Bloomberg<\/em> they are tracking the issue closely and are considering whether further measures are needed beyond the current rigorous reviews.<\/p>\n\n\n\n

Source: <\/em>Bloomberg<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese ambassador Cong Peiwu said that the country will \u201ccontinue to do business on the basis of mutual respect and mutual benefit\u201d with Canada\u2019s domestic critical minerals sector despite a recent crackdown on foreign investment, reported Bloomberg. Cong told Bloomberg News that the Canadian government is \u201cwrong\u201d to prevent Chinese investors from buying majority stakes in domestic mining companies. \u201cPoliticizing…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[2762,2761,2763,2764],"coauthors":[1644],"class_list":["post-6927","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-lithium-americas-argentina","tag-minerals-sector","tag-solaris-resources","tag-yintai-gold"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t