After a national security review, Innovation Minister François-Philippe Champagne is ordering three Chinese resource companies to sell their interests in Canadian critical mineral firms.
Champagne’s order comes less than a week after he said Canada would be limiting the involvement of foreign state-owned companies in the industry.
… Chengze Lithium International Ltd. is required to divest its interests in Lithium Chile Inc., a company headquartered in Calgary with more than a dozen lithium projects underway in Chile.
And Zangge Mining Investment is ordered to sell its investment in Ultra Lithium Inc., a Vancouver-based resource development firm with lithium and gold projects in both Canada and Argentina.
How successful can they be against mining interests physically located in foreign countries?
