Canada orders three foreign firms to divest investments in critical minerals

Power Metals

02/11/2022 20:37

OTTAWA, Nov 2 (Reuters) - Canada's government ordered
three foreign firms on Wednesday to divest their investments in
Canadian critical minerals companies on grounds of national
security.
    The three foreign firms ordered to divest their investments
are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze
Lithium International Ltd, and Zangge Mining Investment
(Chengdu) Co Ltd.
    "These companies were reviewed via the multi-step national
security review process, which involves rigorous scrutiny by
Canada's national security and intelligence community," Industry
Minister Francois-Philippe Champagne and Natural Resources
Minister Jonathan Wilkinson said in a joint statement.
 (Reporting by Ismail Shakil in Ottawa
Editing by Chris Reese)
 ((ismail.shakil@tr.com;))