Business and financeEnergy
March 08, 2023, 12:29 p.m. 1 minute
Reuters will be specifically notified Canada will not force Chinese investors to sell their stakes in Canada’s three largest mining firms, Teck Resources, Ivanhoe Mines and First Quantum Minerals. Canadian Natural Resources Minister Jonathan Wilkinson told Reuters in an interview that any retrospective move would create policy uncertainty. In November, Canada forced three Chinese companies to sell their stakes in Canadian lithium explorers, raising questions about the future of China’s remaining mining investments in Canadian companies. The news lifted shares of three Canadian mining companies, with Teck up 2.2%, Ivanhoe up 2.5% and First Quantum up 5.5%. First Quantum’s stock movement was also supported by an agreement reached with the Panamanian government.
The news lifted shares of three Canadian mining companies, with Teck up 2.2%, Ivanhoe up 2.5% and First Quantum up 5.5% at the time of publication.
Topics of interest: Business and financeEnergy
Type: Reuters is the best
Sectors: Business and financeCommodities and energy
Types of wins: Exclusivity
Types of stories: Exclusive / Scoop
Media Types: Text
Impact on the customer: A major global event