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09 Mar
12:47

Canada won't order Chinese investors to divest stakes in 3 mining companies

Canada says it will not require Chinese state investors in three of its largest mining companies to divest their stakes because such a move would create uncertainty, Kallanish reports. The announcement impacts Teck Resources, First Quantum Minerals and Ivanhoe Mines. All three Canada-based companies count Chinese investors as their single biggest shareholder. China Investment Corp owns a 10.3% stake in Teck, the CITIC Metal Group owns 26% in Ivanhoe Mines and Jian…
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