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A senior Ghanaian official visit China seeking to deepen cooperation on mining, eyeing Chinese technology to make mining industry greener in Ghana

Minister for Lands and Natural Resources Samuel Abu Jinapor arrived in China on Monday. Jinapor told the Global Times in an exclusive interview on Tuesday that his agenda consists of visiting Chinese private firms and meeting with Chinese investors in Shandong, Shanghai and other Chinese cities.
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Canada rejects Arctic gold deal with China

Canadian Prime Minister Justin Trudeau’s government rejected a plan by China’s Shandong Gold Mining Co. to acquire a gold miner that operates in the Canadian Arctic, potentially inflaming a diplomatic ....

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GT Voice: Canada's political interventions scupper normal business deal

GT Voice: Canada s political interventions scupper normal business deal
Source: Global Times Published: 2020/12/23 19:48:40
Photo:XinhuaThe Canadian government vetoed a bid by China s Shandong Gold Mining Co to acquire the asset of TMAC Resources Inc on national security grounds, the Chinese state-owned company confirmed in a stock exchange filing on Tuesday.
Given strained China-Canada relations, the move came as no surprise but still caused some disappointment, especially for the two companies involved that have been trying hard to salvage the deal, amid a hostile geopolitical climate.
For Shandong Gold Mining, all the human and financial resources spent on the deal over the past months have been wasted, while indebted TMAC will have to handle its own financial problems. Even before the release of Canadian government s decision, the miner told the media that it faced difficulty raising enough money to repay the debt due next year. ....

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Ottawa rejects TMAC Resources sale to China's Shandong Gold after security review

Ottawa rejects TMAC Resources sale to China's Shandong Gold after security review
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Canadian government nixes Chinese takeover of miner TMAC Resources Inc.

Posted: Dec 22, 2020 7:54 AM CT | Last Updated: December 22, 2020
Shareholders of TMAC Resources Inc. and Shandong Gold Mining Co. Ltd. had already approved the $230-million takeover of the company that owns mines in Nunavut. The federal government rejected the proposal, according to TMAC Resources.(TMAC Resources)
A $230-million deal for a Chinese company to purchase a gold mine project in Nunavut is off.
TMAC Resources Inc. made the announcement in a news release posted to its website Monday.
The company says the federal government rejected the proposal to sell all TMAC Resources shares and its Hope Bay gold mining project to Shandong Gold Mining Co. Ltd. The deal was approved by 97 per cent of TMAC shareholders on June 26. ....

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