Chill on China investment creates 'gap' for Canada miners, lithium CEO says
Canada needs to quickly ramp up support for the nation’s critical minerals industry to counter a “gap” caused by its recent crackdown on foreign investment, says Frontier Lithium Inc.’s top executive.
The government’s move to limit investment from state-owned entities into Canada’s critical minerals resources is causing stress in the mining industry, CEO Trevor Walker said Tuesday in a BNN Bloomberg TV interview. Walker, whose firm is exploring for lithium in northern Ontario, cited the “tightening” of China investment into Canada as of particular concern.
“That’s a gap that needs to be filled and can only be filled by government,” he said. “And that has to take place quickly.”
The federal government strengthened rules around foreign investments in critical minerals last month and ordered three Chinese firms to sell their stakes in a trio of Canadian lithium explorers. More than two dozen Canadian miners have investors linked to China, according to data compiled by Bloomberg.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















