Ottawa, Nov. 30 -- : Amid the tensions between the two countries, Canada has extended a security review of the Chinese takeover of a strategically important Canadian gold mining company worth USD 165 million.
According to the South China Morning Post, the federal review of China's state-owned Shandong Gold Mining's takeover bid of TMAC Resources has been extended for another 45 days. TMAC Resources, which is currently struggling to stay afloat, operates in Nunavut, the country's strategic far north.
According to media reports, the area's strategic value and untapped potential led members of Canada's opposition and government officials to push Prime Minister Justin Trudeau to block the sale.
According to the SCMP, if ratified, the agreeme...