Canadian miner jammed by Trudeau's anti-China order avoids 'crisis situation' by selling lithium assets
Prime Minister Justin Trudeau’s decision to effectively block Chinese investment in Canadian miners diluted Beijing’s influence. In the case of Ultra Lithium, it also hampered the attempts of a small Canadian company to gain a toehold in the industry.
Ultra Lithium will own about 25 per cent of Power Minerals as soon as the deal goes through. In the longer run, Ultra could end up owning about 50 per cent of Power, which would pave the way for it to continue developing the Laguna project with capital raised from the Australian stock exchange, where Power is listed.Article content
The order was a shock because Canada had long taken a liberal approach to foreign investment in the mining industry. The government said it was important to ensure Canada remained in control of
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian miner jammed by Trudeau's anti-China order avoids 'crisis situation' by selling lithium assetsUltra Lithium, which had to find a new backer after Ottawa\u0027s blocked Chinese mining investment, said it avoided a crisis situation. Read on.
Read more »
Canada, South Korea agree to work together on clean-energy supply chains - Terrace StandardCanada, South Korea agree to work together on clean-energy supply chains
Read more »
Trudeau, other G7 leaders arrive in Japan for meeting that will focus on China and Russia‘Global South’ guest nations India and Brazil will be asked to help counter any ‘attempt to evade sanctions’ against Russia
Read more »
Trudeau arrives in Japan for G7 summit amid geopolitical tensions with China, RussiaPrime Minister Justin Trudeau has landed in Hiroshima, Japan for the G7 Leaders' Summit, where he's expected to push for increased co-operation on global and economic security to guard against geopolitical instability and the threat of climate change.
Read more »
Trudeau arrives in Japan for G7 summit amid geopolitical tensions with China, Russia | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Trudeau in Japan for G7 summit with China, Russia threat in focus - National | Globalnews.caThis year's summit will focus on seven main agenda items, including geopolitical and global security issues, economic resilience and climate change and energy.
Read more »