“Canada has some of the best mineral exploration companies in the world,” he said. “As world leaders, I believe it’s in our best interests to work together.”
Canadian Prime Minister Justin Trudeau’s government has sought to restrict mining deals involving foreign state-owned entities for nearly two years in efforts widely seen as targeting China’s dominance in the global critical minerals supply chain. A series of rules and restrictions hasn’t stopped junior mining firms based in Canada from seeking out Chinese capital to back expensive and risky projects passed over by Canadian investors.
Zijin, one of China’s most acquisitive metals groups, has repeatedly clashed with Canada’s government over mining deals. The firm failed to buy a 15% stake in Vancouver-based Solaris Resources Inc. earlier this year after facing a lengthy regulatory review. The state-owned firm also challenged a government review of its plan…
