TMAC weighs Hope Bay gold mine options
Ottawa blocks China-based SD Gold's bid to buy Nunavut mine, leaving TMAC seeking ways to repay debts, expand operations North of 60 Mining News – January 1, 2021
Last updated 1/7/2021 at 4:26pm
In a move that prevents a Chinese state-owned company from grabbing a foothold along the Northwest Passage in Canada's Arctic, officials in Ottawa have blocked Shandong Gold Mining Co. Ltd.'s bid to acquire TMAC Resources Inc., which owns and operates the Hope Bay gold mine in the Kitikmeot region of northwestern Nunavut.
While stopping Shandong Gold Mining from acquiring the Nunavut operation...