China's move to buy Arctic gold mine draws fire in Canada

Section:

By Vipal Monga
The Wall Street Journal
Sunday, July 26, 2020

TORONTO -- The purchase of a gold mine in the Canadian Arctic by a state-run Chinese company is triggering alarms in Canada over China's expanding presence in a region that is growing in strategic importance for its shipping lanes and resources.

Opposition parties and former government officials have called on Canadian Prime Minister Justin Trudeau's government to block Shandong Gold Mining Co., one of China's largest gold miners, from buying Toronto-based TMAC Resources Inc., whose operation is almost 120 miles north of the Arctic Circle.

... Dispatch continues below ...


ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com

USAGold: Great prices, quick delivery -- all the time.



Mr. Trudeau's cabinet has final say over the deal, but members of the Liberal Party government have stayed silent about it while it remains under review.

Opponents say Canada should block the deal to slow China's growing control over strategic minerals. They also want to stop China from buying more assets in the Arctic. U.S. military and foreign-policy officials have warned that China could assert itself in the sensitive region as it has in the South China Sea. ...

... For the remainder of the report:

https://www.wsj.com/articles/chinas-move-to-buy-arctic-gold-mine-draws-f...

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16