Home » Africa & World Politics, Canadian Politics » National interest concerns prompt Canada to block Chinese acquisition of mining company

National interest concerns prompt Canada to block Chinese acquisition of mining company

(The Political Scientist) National security concerns have prompted Canada to block Chinese mining giant, Shandong Gold Mining Company’s attempt to acquire Canada’s TMAC Resources. The Shandong Gold Mining Company was prepared to acquire the Canadian company for the sum of $230 million. TMAC Resources mainly mines in Nunavut and operates the Hope Bay Mines.

In the midst of the coronavirus that has weakened the economy of many of the western nations, state-owned Chinese companies have stepped up their bid to purchase western companies some of which have seen a decrease in value due to the economic fallout from the Coronavirus. This has driven Canada and many western countries to paid close attention to purchasing proposals from state-run Chinese companies in a bid to protect their national interests.

-www.politicalscientist.ca

wp_posts

Related Posts

Website Pin Facebook Twitter Myspace Friendfeed Technorati del.icio.us Digg Google StumbleUpon Premium Responsive

Short URL: https://newnigerianpolitics.com/?p=58996

Posted by on Jan 6 2021. Filed under Africa & World Politics, Canadian Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Headlines

Browse National Politics

Featuring Top 5/1395 of National Politics

Subscribe

Read more

Browse Today’s Politics

Featuring Top 5/45 of Today's Politics

Browse NNP Columnists

Featuring Top 10/1564 of NNP Columnists

Browse Africa & World Politics

Featuring Top 5/2390 of Africa & World Politics

Subscribe

Read more

ADVERTISEMENT

Categories

FEATURED VIDEOS

Advertisements

ARCHIVES

November 2024
S M T W T F S
 12
3456789
10111213141516
17181920212223
24252627282930

© 2024 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes