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Ottawa rejects TMAC Resources sale to China s Shandong Gold after security review
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Canada rejects sale of Arctic mine to Chinese company Shandong Gold
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Ottawa rejects TMAC Resources sale to China s Shandong Gold after security review - Medicine Hat NewsMedicine Hat News
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CALGARY The CEO of TMAC Resources Inc. says there s a silver lining to news that Ottawa will not allow the sale of his mining company to China s Shandong Gold Mining Co. Ltd. The company announced Tuesday it had been informed the $230-million sale of TMAC, whose main asset is a gold mining project at remote Hope Bay in Nunavut, would be blocked following a review under the Investment Canada Act. The government not approving the transaction, to me, is also in a way saying that what we ve done at Hope Bay is important to Canada, said CEO Jason Neal in an interview.
TMAC Resources shares fall after Ottawa rejects sale to Chinese company Shandong Gold
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