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Ottawa rejects TMAC Resources sale to China's Shandong Gold after security review alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.
Ottawa rejects TMAC Resources sale to China's Shandong Gold after security review - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
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. ....