Home> Latest News

    New frontier of resource wealth beckons Chinese

    Updated: 2013-04-02 07:49
    By Eddy Lok ( China Daily)
    Comments() Print Mail Large Medium  Small 分享按鈕 0

    New frontier of resource wealth beckons Chinese

    The Canadian booth at a mining conference in Tianjin in 2011. Canada contains abundant deposits of copper, chromium, zinc, nickel, platinum, vanadium and gold. Provided to China Daily

    Canada's northern territories offer rich opportunities for mining companies, reports Eddy Lok

    Escalating costs and volatile exchange rates have meant tough times for the global mining sector, but Canada in coming years could see steady interest from Chinese companies drawn to its reserves of minerals and other resources.

    Trade lawyers familiar with them said Chinese companies in the sector are well suited to invest in the vast mineral wealth of Canada's far north - an area almost half the size of China - thanks to favorable mining laws and policies.

    "It is a great buying opportunity for Chinese companies and a perfect time for us to marry investors looking for expansion globally," said Ian McBride, a partner in Toronto-based law firm Davies Ward Phillips & Vineberg LLP, which has been active in China since the 1970s. Chinese clients have hired the firm to work on takeover bids for foreign public companies, minority-stake purchases, joint ventures and other legal matters.

    McBride and fellow Davies Ward partner Peter Mendell, speaking at the site of a March 4 symposium in Toronto on mining and China, said Canada is increasingly open for Chinese investment in its natural resources, especially compared to traditional mining destinations such as Australia.

    Canada could become a magnet for Chinese mining companies looking to expand abroad, including by purchasing stakes in publicly traded Canadian companies with domestic and foreign assets, the two lawyers told China Daily at the symposium, which was organized by the Canada China Chamber of Commerce and the China Mining Association.

    "We don't expect a tidal wave of, or reckless, Chinese investments, but such will be carefully thought out, taking into consideration the risks and factors like financial and infrastructure," McBride said.

    New frontier of resource wealth beckons Chinese

    He said it's clear that Chinese companies are interested in assets in the three territories that make up Canada's far north - Yukon, the Northwest Territories and Nunavut - buoyed by the Canadian government's welcoming policies in anticipation of a boom in mineral exploration and development.

    In addition to untapped minerals in the region, several mining companies listed on the Toronto Stock Exchange have acquired leases to explore reserves in other countries. That provides further enticement for Chinese investors, said McBride, who expects that foreign investment in Canadian assets will take the form of joint ventures and minority stakes in domestic companies.

    Previous Page 1 2 3 Next Page

    Survey & Comments

    | About us | Contact |

    Constructed by Chinadaily.com.cn

    Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

    亚洲一区日韩高清中文字幕亚洲| 亚洲AV永久无码精品| 色综合久久无码五十路人妻| 久久人妻AV中文字幕| 久久久久久亚洲Av无码精品专口| 韩国三级中文字幕hd久久精品| 国产在线观看无码免费视频| 成人无码AV一区二区| 最近更新中文字幕在线| 亚洲无码精品浪潮| 丰满白嫩人妻中出无码| 无码精品国产一区二区三区免费| 在线中文字幕精品第5页| 欧美日本道中文高清| 久久精品无码专区免费| 无码免费一区二区三区免费播放| 国产成人无码区免费内射一片色欲| 99高清中文字幕在线| 亚洲中文字幕在线观看| 久久国产精品无码网站| JLZZJLZZ亚洲乱熟无码| 无码国产精成人午夜视频一区二区| 精品日韩亚洲AV无码一区二区三区| 天堂在线中文字幕| 久久精品中文字幕久久| 亚洲欧美日韩中文播放| 亚洲AV无码一区二区三区国产| 国产成人无码一区二区三区| 色欲狠狠躁天天躁无码中文字幕| 免费A级毛片无码A∨免费| 中文有无人妻vs无码人妻激烈| 人妻少妇看A偷人无码电影| 日韩中文字幕在线不卡| 久久精品99无色码中文字幕| 欧美一级一区二区中文字幕| 久久e热在这里只有国产中文精品99| 日本免费中文字幕| 中文字幕在线看日本大片| 熟妇人妻中文a∨无码| 人妻中文无码久热丝袜| 永久免费AV无码网站国产|