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Canada blocks Chinese Arctic gold mine takeover, citing national security

Canada blocks Chinese Arctic gold mine takeover, citing national security

Canadian officials have rejected Shandong Gold Mining’s bid to acquire Canada’s TMAC Resources, the companies said, with the Chinese miner adding that the sale was blocked on national security grounds. As the coronavirus pandemic has caused economic dislocation, countries from Australia to Canada have increased scrutiny on deals by state-run Chinese miners this year….

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