China Has Links to Dozens of Canadian Miners Tied to Critical Minerals
- Canada is cracking down on foreign state investment in mining
- New hurdles could leave some companies in a bind for financing
The Teck Resources steelmaking coal mine in the Elk Valley near Sparwood, British Columbia, Canada.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
China has built up stakes in more than two dozen Canadian mining companies, including some of the industry’s biggest names. Canada’s latest crackdown on foreign investments in critical minerals is about to put a chill on such activity.
At least 27 public companies including Teck Resources Ltd., Ivanhoe Mines Ltd. and First Quantum Minerals Ltd. have shareholders with ties to China, according to data compiled by Bloomberg. Attracting such investors -- or encouraging them to increase their holdings -- will now be much harder given Canada’s latest efforts to protect its minerals wealth.