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NUNAVUT NEWS

NUNAVUT NEWS

Circulated in all 25 Nunavut communities.

Tag: #Shandong Gold

Posted inBusiness, Nunavut News

Ottawa rejects sale of Hope Bay to Chinese mining company

by Nunavut NewsDecember 21, 2020

The Canadian government is refusing to allow the sale of TMAC Resources and its Hope Bay gold mine to Shandong Gold Mining, a Chinese state-owned company. Ottawa announced the results of its national security review on Monday. Shandong had offered $230 million to purchase TMAC in May, which was later accepted by TMAC shareholders, but […]

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