Loading ...TORONTO (Reuters) – Canada has ordered a national security review of Shandong Gold Mining Co Ltd’s 600547.SS1787.HK bid to acquire a gold mine in the Canadian Arctic, the mine’s owner said on Thursday.
The review comes amid a diplomatic rift between Canada and China over the 2018 arrest by Canadian police of Huawei Technologies Co Ltd’s HWT.UL chief financial officer, Meng Wanzhou.
Shandong Gold, one of China’s biggest gold producers, in May offered C$230 million ($165 million) for struggling TMAC Resources TMR.TO.
TMAC shareholders approved the deal in June but it still requires Canadian government signoff.
https://www.reuters.com/article/canada-mining-tmac-idUSL1N2H614X