Global Trade Alert
Global Trade Alert

Canada: Government rejects the acquisition of Arctic gold mine by China’s Shandong on security grounds

Announcement

22 Dec 2020

In December 2020, Canada rejected the acquisition of a Canadian gold mining company by a Chinese state-owned company under the national security review provisions of the Investment Canada Act (ICA).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Dec 2020

Revocation date:

No revocation date

Announced: 22 Dec 2020
FDI: Entry and ownership rule In force
According to several news reports, on 22 December 2020, the government of Canada rejected the acquisition of Canadian gold mining company TMAC Resources Inc. by Chinese state-owned Shandong Gold Minin...
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