A Chinese stat-run company is planning to buy a gold mine in the Canadian Arctic. The plans of a state-run company acquiring the area has sparked concerns for the Canadian government.
Shandong Gold Mining Co.’s plans on buying the gold mines from a Canadian company as experts believe it shows how China is expanding its presence in strategically important region.
The Canadian opposition party has raised concerns and has urged the Trudeau government to take steps as it holds a cabinet meeting over this deal.
The opposition has urged the Prime Minister to block the deal and discourage China from acquiring any more assets in the Arcitc after the US warned that China could be aiming to assert its importance in sensitive and important regions such as Arctic, similar to the South China Sea dispute.