Chinese Company’s Bid to Buy Nunavut Gold Mine of ‘Grave Concern’: Security Expert

Chinese Company’s Bid to Buy Nunavut Gold Mine of ‘Grave Concern’: Security Expert
Aerial view of Hope Bay, Nunavut, where TMAC Resource’s gold mine is located, situated near tidewater in the Northwest Passage. Timkal/CC BY 3.0
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State-owned Chinese mining company Shandong Gold’s proposed takeover of a fledgling gold mine perched at the fringe of the North American continent poses risks for Canada on economic and national security fronts, says a former contractor for the Canadian Security and Intelligence Service (CSIS).

“I share the grave concern of a growing number of Canadians galvanized by the continuing and extensive involvement of the Chinese dictatorship in our economic lives, particularly in the post-COVID world,” says David Harris, director of the intelligence program at INSIGNIS Strategic Research in Ottawa.