No national security issue in Chinese takeover of Canadian lithium company: Liberals

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 99%

Business News News

Business Business Latest News,Business Business Headlines

The pending takeover of a Canadian lithium mining company by a Chinese state-owned company raises no national security concerns, federal Liberals argued Thursday.

Liberal MP Andy Fillmore, parliamentary secretary to Industry Minister Francois-Philippe Champagne, told a House of Commons committee that the Industry Department reviewed last fall the proposed takeover of Neo Lithium Corp. by China's Zijin Mining Group Ltd.

Moreover, he said that project involves lithium carbonate, not the lithium hydroxide used to manufacture batteries that are critical for electric vehicles. However, Conservative MP Ed Fast, who had called for the emergency committee meeting to find out why no formal security review was done, said it's "just false" to say Neo Lithium is not a Canadian company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

wow !! China slowly taking over our natural resources , and there's no security risk SMH 😡

Just a friendly gift to good ol China. Merry Christmas. Here is all the lithium mining investment opportunities that Canada just loves to give away.

If you haven’t already, you should start learning to speak mandarin. It will be our primary language in less than 10 years.

Power of lobby.

No but Canadian Ownership:Canadian Jobs for frick sakes

ctv clickbait

Even if this is a Canadian company in name only, the fact that it’s allowed to raise funds via the TSX is still a bad thing. Justin brah might as well start a charity for the CCP - raise funds in Canada to help them take over Canada.

Well if the liberal_party is saying 'there's nothing to see here' you can be sure there is definitely something there to look at. A full independent investigation should begin immediately. These corrupt liberals need to be held accountable.

k

Where is the opposition leader

That review concluded that Neo Lithium is 'really not a Canadian company,' he told the industry committee, describing it as an Argentine company with directors in the United Kingdom and only three Canadian employees 'on paper.'

Bullshit.

Lol. Doesn’t look like many commenters have even read the article, which explains that the company’s Canadian designation was just to get it on the Toronto Stock Exchange to raise money. The mine itself is in Argentina, and it employed a total of 3 Canadians.

The mine is in Argentina. It had 3 Canadian employees. This headline is misleading.

Canada is being mismanaged.

as if Justin even inquired

Stephen Harper must be proud Justin is finishing off the work he started.

China has another thing coming if they think this . China will never take luring control of Canadian government . Communism can remain in China .

Whhyyy?.. JustinTrudeau

There goes our batteries!

Of course.

Of course not. We are fucked already TrudeauNationalDisgrace

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines