Australia Allows Chinese Purchase of Gold Miner While Canada Says ‘No’

Australia Allows Chinese Purchase of Gold Miner While Canada Says ‘No’
A woman holds a gold bar to mark the year of the snake in Beijing in 2012. STR/AFP/Getty Images
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China’s second-largest state-owned gold mining company Shandong Gold has won a bidding war to gain control of Australian gold miner Cardinal Resources.

This comes after Five Eyes’ partner Canada blocked Shandong from acquiring a local mine in the strategically important Arctic Circle.