U.S. lawmakers blast Canada over sale of lithium mining company to Chinese firm


A trio of U.S. lawmakers are blasting Canada’s “complicit approval” that allowed the sale of a Toronto-listed lithium mining firm to a Chinese language state-owned agency, and are urging Biden administration officers to research the acquisition.

In a letter to a number of U.S. Cupboard secretaries obtained by CTV Information, Rep. Michael Walz (R-Florida), Elise Stefanik (R-NY) and Lance Gooden (R-TX) describe the takeover of Neo Lithium Corp by China’s Zijin Mining Group Ltd. as “extremely regarding,” and accuse the Canadian authorities of underestimating “the risk imposed by the Chinese language Communist Occasion.” The lawmakers query if U.S. authorities officers have been conscious or notified of the transaction.

“I used to be astonished that this was authorised with out a lot scrutiny from Prime Minister (Justin) Trudeau’s authorities,” Rep. Walz mentioned to CTV Information. “China’s elevated financial affect over firms in each the U.S. and Canada is a grave nationwide safety risk, particularly because it pertains to important minerals which might be important to the way forward for U.S. vitality independence.”

Their letter was addressed to U.S. Secretary of State Antony Blinken, Division of Inside Secretary Deb Haaland, Division of Power Secretary Jennifer Granholm, Division of Protection Secretary Lloyd Austin, and Division of Commerce Secretary Gina Raimondo.

Neo Lithium is listed on the Toronto Inventory Alternate, however its mining web site and workers are primarily based in Argentina. The corporate says the proposed mine would extract lithium carbonate for use in zero-emission autos.

Final month, Canada authorised its sale to China’s Zijin Mining Group for $918.7 million. Canadian Innovation Minister Francois-Philippe Champagne advised a Parliamentary committee the acquisition posed no nationwide safety danger.

American lawmakers questioned why Ottawa authorised the sale since Canada and the U.S. recently created a Joint Action Plan to strengthen important mineral provide chains amid fierce competitors from China.

Minister of Innovation, Science and Business Francois-Philippe Champagne “isn’t understanding of the risk,” Rep. Walz mentioned. “We can’t grow to be depending on China for important minerals and are seeing the implications of vitality reliance on authoritarian regimes play out in actual time in a Europe.”

The U.S. lawmakers are demanding readability on the method to approve Chinese language purchases of U.S. and Canadian firms, and the diploma of scrutiny being carried out.

The timing of the letter comes because the White Home and Prime Minister’s Workplace issued joint statements praising the first anniversary of a “Renewed U.S.-Canada Partnership,” which incorporates “work to strengthen bilateral provide chains and co-operation on prison minerals.”

letter to U.S. Cabinet secretaries

letter to several U.S. Cabinet secretaries


Source link

Leave a Comment