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NNSL Media

NNSL Media

Publisher of seven weekly newspapers and various specialty publications circulated throughout Northwest Territories (Yellowknife) and Nunavut (Iqaluit)

Tag: #Shandong Gold

Ottawa rejects sale of Hope Bay to Chinese mining company

by Derek Neary December 21, 2020December 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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