chief executive officer Mark Bristow is refusing to shut the door on accepting new investment from state-controlled Chinese companies, and questioned the move by Canada and the U.S. to clamp down on such investment in the North American mining sector.except on exceptional grounds, owing to national-security concerns.
Shandong is one of two large Chinese joint-venture partners that Barrick has in mines around the world. Barrick also has a Chinese partner in Zijin Mining. Barrick has raised billions from both Chinese investors to fund its Veladero mine in Argentina and its Porgera operation in Papua New Guinea “It’s impossible to exclude the Chinese out of the minerals and metals industry, or anything at the moment. This world is so integrated, and politicians are trying to divide it,” Mr. Bristow said.
“We’ve trained ourselves to be China-centric, or obsessed with China. But at the end of the day, we are actors in this world. And as a Canadian company, we are extremely competitive around the globe. So is Newmont as an American company.”
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