Chinese companies hold more than 20 Canadian mining companies, including some industry leaders.Canada's recent actions against key minerals in foreign investment will reduce China's investment enthusiastically.
Data compiled by Bloomberg shows that at least 27 listed companies such as Canada's resources, Affinham mining, and first quantum mining are related to China.As Canada has taken the latest measures to protect its mineral wealth, attracting such investors or encouraging them to increase its holdings, it will now become more difficult.
Bloomberg quoted Borden Ladner Gervais LLP's foreign investment legal expert Subrata Bhattacharjee: "Canada said he did not want to see investors influenced by the government ... This will make some mining companies looking for finding companies in searchThe sources of replacement of financing are in trouble. "
According to Bloomberg data, Chinese companies have participated in the acquisition and investment transactions announced by 89 Canadian metals and mining companies in the past ten years.These transactions are worth $ 14 billion (S $ 19.2 billion).Many transactions involve companies related to 31 key minerals identified by Canada.
Data show that Tike resources that produce copper and zinc in North America and South America have listed China Sovereign Fortune Fund CICC as its largest shareholders.The largest shareholders of Ainfenham Mining, founded by Billionaires and Mining Giant Robert Friedland, include Chinese state -owned enterprises Zijin Mining and subsidiaries of CITIC Metal.
Data also shows that among small companies, Lithium American Corp.'s largest investor is a subsidiary of Chinese -funded company Ganfeng Lithium Industry, and the largest shareholder of Fission Uranium Corp.related.Nickel North Exploration Corp., headquartered in Vancouver, listed Sinotech Hong Kong Corp. as its largest investor.
