TORONTO - Canada will not force Chinese state-investors in three of its large mining companies to divest stakes, as such a move would create policy uncertainty, Natural Resources Minister told Reuters.
Three of Canada's largest mining companies - Teck Resources, Ivanhoe Mines and First Quantum Minerals - count Chinese state-owned enterprises as their biggest single shareholder.This is the first time Canadian government officials have clarified what the future holds for other Chinese investments in the three Canadian mining companies.
Canada's move late last year had worried smaller mining companies in the country who are looking to raise funds for exploration of critical metals. Canada and its allies are looking to decouple from China in an attempt to diversify their supply chain in battery metals.