The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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
TMAC Resources' Hope Bay gold mine in northern Nunavut.
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 qua...
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