• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • EN | FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Energy Infrastructure Mining Private Equity & Investment Funds View all
Advisory
Crisis & Risk Management Public Policy
View Client Work
International Experience
Insights News Events Subscribe
Arbitration Angle Artificial Intelligence Insights Business Law Talks Podcast Class Actions: Looking Forward Class Action Quick Takes
Economic Outlook New Energy Economy Series Quarterly Fintech Insights Quarterly M&A Insights Sustainability & the CIO
People
Offices
About
Practices
Industries
Advisory Services
Client Work
Insights
News
Events
Careers
Law Students
Alumni
Payments
Search
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 

Canada Draws a Line on Critical Minerals, But Leaves Unanswered Questions

November 14, 2022

Sander Grieve and Zee Derwa comment in The Northern Miner (TNM) on the Canadian government's new approach to Chinese investment in Canada’s critical minerals sector. The new policy says that significant transactions by foreign SOEs in the sector will only be approved on an exceptional basis. 
 
TNM reports that soon after the new guidelines were released, three Chinese firms were ordered to sell their stakes in three Canadian junior mining companies.
 
Zee tells TNM he sees the new approach as a “significant” policy shift, and said there was no precedent for the divestment order. “Prior to these ordered divestments there hadn’t been a case where a critical mineral asset was ordered to be divested in Canada.” Zee noted that Shandong Gold Mining’s proposed takeover of TMAC Resources in 2020 was rejected because of the strategic Arctic location of TMAC’s Hope Bay project. 
 
Sander says with the Canadian government's new policy, “There appear to be a class of investors that are being cautioned that their investment may not be welcome in Canada at this point. I think the question that industry’s got to have top of mind is if that decision is made by the government that there are certain investors we don’t want, what will be done to encourage the investors we do want, as we clearly are creating a hole in the Canadian economy for the development of projects?” 
 
“There’s been a lot of focus on China in particular in this policy, but it is an SOE policy and there are a lot of SOEs in the broader global economy from various states, so this should be expected to have wider implications for foreign direct investment into Canada and into Canadian companies.”
 
Canada Draws a Line on Critical Minerals, but Leaves Unanswered Questions is written by Alisha Hiyate.

Key Contacts

  • Zirjan (Zee) J. Derwa Zirjan (Zee) J. Derwa, Partner
  • Sander A.J.R. Grieve KC Sander A.J.R. Grieve KC, Partner

Related Links

  • Insights
  • Media
  • Subscribe

Related Expertise

  • Mining

Recent Posts

Announcements

Bennett Jones Wins Big at Benchmark Litigation Awards

May 09, 2025
       

Speaking Engagements

Insights on Tariff Strategy and Cross-Border Trade Compliance

May 08, 2025
       

In The News

John Manley on NPR’s Morning Edition on Mark Carney’s White House Visit

May 06, 2025
       

Speaking Engagements

Brendan Sigalet on Clean Investment Tax Credits

May 05, 2025
       

Speaking Engagements

Due Diligence for Tenants at ICSC CANADIAN LAW

May 02, 2025
       

Announcements

Bennett Jones Lawyers Named Among Canada’s Top Litigators By Benchmark Canada

May 01, 2025
       

Announcements

Twenty-Six Bennett Jones Lawyers Ranked in Lexpert's Special Edition on Infrastructure

April 30, 2025
       

Announcements

Jesslyn Maurier Appointed to Ontario Chamber of Commerce’s Board of Directors

April 29, 2025
       

In The News

John Manley Speaks With BNN Bloomberg on Business Implications of a Minority Government

April 29, 2025
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2025. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones