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
Daniel Y. Teng
Updated:

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.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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