Canada risks alienating Chinese mining companies, ambassador warns

By awrara ra

Chinese mining companies have complained to the Canadian ambassador in Beijing about being misled about the ease of establishing successful mining operations in Canada.

Guy Saint-Jacques detailed how some Chinese firms had encountered surprises, namely risks and challenges not disclosed to them by the provinces in question.

According to CBC, Saint-Jacques said in the report: "Concerns seem to centre mostly in what he called less-developed, remote areas, where climate is harsh, infrastructure is less developed, and workforce is scarce.

"Some members felt that, when promoting potential investment projects, the provinces did not disclose the full picture about the mining environment, namely the risks and challenges, and that this led to misinformed decision.

"Mr. Wang emphasized repeatedly the need for the Canadian side to be more comprehensive and forthcoming when presenting the mining environment in various regions of Canada."

Chinese resource companies have not fared too well in Canada, with immigration policies preventing Chinese labourers being brought in another barrier, along with declining commodity prices.

Canadian Prime Minister Justin Trudeau is planning a trip to China later this year to smooth relations, with potential free trade deals on the cards. 

Follow @BizReviewCANADA

Read the June 2016 issue of Business Review USA & Canada magazine

Share

Featured Articles

Sustainability, ESG, net zero in focus at must-attend event

Sustainability takes centre stage at two-day hybrid conference featuring thought leaders covering circular economy, scope 3, ESG, B Corp, net zero, DE&I

Must-attend sustainability events for executives in 2022/23

Discuss and debate the most pressing issues around sustainability at these nine executive events – from London to Abu Dhabi, San Diego to Singapore

Meet the CEO on a mission to nurture women leaders in Africa

The argument for women leaders in Africa is compelling, yet numbers are small. But one female leader is on a mission to change that – Awamary Lowe-Khan

BCG's Daniel Weise on supply chain and procurement strategy

Leadership & Strategy

Flexible work perks heat up as the war on talent rages

Human Capital

Meet the COO: Former Israel Defense Force cyber lead Parnes

Technology & AI