OTTAWA — Associates of the Chinese government say Canada was “wrong” to reject the proposed takeover of an Arctic gold mine by a point out-owned firm, the most recent jab in an now-fraught partnership concerning the two nations around the world.
Canada on Tuesday rejected the proposed takeover of Toronto-primarily based TMAC Assets Inc. by China’s Shandong Gold Mining Co. Ltd., citing national stability considerations. Underneath the deal, Shandong would have compensated $230 million not like financial debt to acquire the Canadian organization, which is acquiring a gold mine in Hope Bay, Nunavut.
In response to issues by the Countrywide Write-up on Wednesday, the Embassy of the People’s Republic of China in Ottawa mentioned the selection amounted to the “politicization of normal economic cooperation” among China and Canada.
Embassy officers mentioned blocking the transaction interferes with “mutually