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    Man Attacks Pastor In Church Over Fake Prophecy

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    Man Who Gave woman HIV During Unprotected Sex Jailed For Grievous Bodily Harm

    We’ll Write To Supreme Court Over Gyakye Quayson’s Expungement Order – Ayariga

    We’ll Write To Supreme Court Over Gyakye Quayson’s Expungement Order – Ayariga

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    Economic Crisis: Things Will Get Better; But Not This Year – Badu-Aboagye

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    Non-issuance Of VAT Invoices: GRA Busts 48 Business Managers  

    Non-issuance Of VAT Invoices: GRA Busts 48 Business Managers  

    Government T-bills Auction Oversubscribed By 15 Per cent

    Government T-bills Auction Oversubscribed By 15 Per cent

    Ghana Serves As A Launchpad For Saudi Businesses To Access Wider Market – Saudi Arabia Ambassador To Ghana

    Ghana Serves As A Launchpad For Saudi Businesses To Access Wider Market – Saudi Arabia Ambassador To Ghana

    We Are Confident Of Meeting IMF Conditions For Fiscal Consolidation – Ofori – Atta

    We Are Confident Of Meeting IMF Conditions For Fiscal Consolidation – Ofori – Atta

    Biden hails debt ceiling deal as he and McCarthy prepare to sell it to Congress

    Biden hails debt ceiling deal as he and McCarthy prepare to sell it to Congress

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    Mr Eazi is wealthier than Davido – Small Doctor gives reason

    Mr Eazi is wealthier than Davido – Small Doctor gives reason

    BET: Camidoh bags his first nomination

    BET: Camidoh bags his first nomination

    I can’t wait to change my daughter’s surname – Davido’s baby mama

    I can’t wait to change my daughter’s surname – Davido’s baby mama

    Burna Boy applauds sister for sold-out London concert

    Burna Boy applauds sister for sold-out London concert

    Socialite Showboy To Be Deported To Ghana After 4 Years In Jail

    Socialite Showboy To Be Deported To Ghana After 4 Years In Jail

    I’d rather fail in originality than become a clone of another – MzGee Replies Critics

    I’d rather fail in originality than become a clone of another – MzGee Replies Critics

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    Govt Issues One-month Ultimatum For Merchant Subscribers To Register SIMs

    Govt Issues One-month Ultimatum For Merchant Subscribers To Register SIMs

    AI-controlled US military drone ‘kills’ its operator in simulated test

    China’s manufactured plane completes maiden commercial flight

    China’s manufactured plane completes maiden commercial flight

    Elon Musk Names Linda Yaccarino New Twitter CEO

    Elon Musk Names Linda Yaccarino New Twitter CEO

    Elon Musk announces he has found new Twitter CEO

    Elon Musk announces he has found new Twitter CEO

    Israeli Anti-drone Radars Deployed in Ukraine to enhance its defense system

    Israeli Anti-drone Radars Deployed in Ukraine to enhance its defense system

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    How El Chapo’s sons ruined America by creating a fentanyl empire

    How El Chapo’s sons ruined America by creating a fentanyl empire

    How many foreign workers have passed away in Qatar?

    How many foreign workers have passed away in Qatar?

    DEA’s most corrupt agent:   Parties , sex amid “unwinnable war”

    DEA’s most corrupt agent: Parties , sex amid “unwinnable war”

    Why Ghana doesn’t really have a Fertilizer  crisis

    Why Ghana doesn’t really have a Fertilizer crisis

    US rapper Coolio, known for the iconic hit Gangsta’s Paradise,died at the age of 59

    From Gangsta’s Paradise to reality TV, Coolio was a stone-faced rapper who softened hearts

    VIDEO: UK Queen Happy and Glories Platinum Jubilee

    Queen Elizabeth’s death leads to renewed African calls for apologies

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    Midwife Delivers Baby In Speeding Commercial Vehicle

    Sanitary Pads Should Be Tax-free; Not Menstrual Luxury – Rosetta Ntriwaah Boakye

    Sanitary Pads Should Be Tax-free; Not Menstrual Luxury – Rosetta Ntriwaah Boakye

    Zambia begins door-to-door COVID-19 vaccination

    High blood Pressure and COVID has made many Black people in America plugged into catastrophe

    Pregnancy Hypertensive Disorder Shatters Hopes

    Pregnancy Hypertensive Disorder Shatters Hopes

    ‘I Was Naive’ – Hospital Owner Regrets Giving Quack Midwife Freedom To Operate

    ‘I Was Naive’ – Hospital Owner Regrets Giving Quack Midwife Freedom To Operate

  • LIFE STYLE
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    Your enemies are often within your circle – Vim Lady shares

    Your enemies are often within your circle – Vim Lady shares

    You are not a ‘real’ man if women don’t fight over you – Ajagurajah

    You are not a ‘real’ man if women don’t fight over you – Ajagurajah

    Pregnancy Hypertensive Disorder Shatters Hopes

    Pregnancy Hypertensive Disorder Shatters Hopes

    You Are Not Normal – Odartey Lartey Lovingly Tells Wife – VIDEO

    You Are Not Normal – Odartey Lartey Lovingly Tells Wife – VIDEO

    Woman Asks For Refund From Wedding Photographer After Divorce, Says ‘Don’t Need Those Pictures Anymore’

    Woman Asks For Refund From Wedding Photographer After Divorce, Says ‘Don’t Need Those Pictures Anymore’

    It’s Logically Right To Have Sex Before Marriage – Relationship Expert

    It’s Logically Right To Have Sex Before Marriage – Relationship Expert

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    Juventus Tracking Kamaldeen Sulemana

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    CK Akonnor’s Son Wins European Championship With Germany

    BetPawa PL Wk 33: Hearts Record 4th Consecutive Loss, Medeama SC Drop Points

    BetPawa PL Wk 33: Hearts Record 4th Consecutive Loss, Medeama SC Drop Points

    Simba SC Part Ways With Augustine Okrah

    Simba SC Part Ways With Augustine Okrah

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China is required by Canada to sell its mining companies

China is required by Canada to sell its mining companies

7 months ago
in World News
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Canada has ordered China to immediately sell its holdings in three Canadian mining companies, as the need for investments in the extraction of critical minerals clashes with growing concerns over national security.

On Wednesday Canada’s industry minister, François-Philippe Champagne, said three Chinese companies would be required to divest from junior mining companies.

Doug Ford speaks at a podium.

“While Canada continues to welcome foreign direct investment, we will act decisively when investments threaten our national security and our critical minerals supply chains, both at home and abroad,” Champagne said in a written statement.

The order comes after a “multi-step” review by Canada’s national security and intelligence agencies, which determined that the three companies must leave the Canadian mining industry on national security grounds.

Critical minerals and metals include lithium, cadmium, nickel and cobalt. They are essential for clean energy technologies, including turbines and electric cars and solar panels. They are also a necessary part of laptop computers and rechargeable batteries.

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In recent years, China has become the largest refiner and processor of critical minerals, building an extensive supply chain that relies on overseas mines for raw materials.

Canada has extensive, largely undeveloped deposits of nickel and cobalt and Chinese companies have made up a growing share of foreign investment in the industry.

Earlier this year, the Canadian mining company Neo Lithium Corp was taken over by the Chinese state-controlled firm Zijin Mining Group Co, a move that prompted parliamentary hearings into the possible national security threats posed by increased investment by China.

According to Champagne’s directive, Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd and Zangge Mining Investment (Chengdu) Co Ltd must sell their stakes in Power Metals Corp, Lithium Chile Inc and Ultra Lithium Inc.

The move comes a week after Ottawa tightened rules on foreign investments in the critical mineral sector. Champaign said investments by state-owned firms will only be approved on “an exceptional basis” and will apply not only to takeovers, but also small investments.

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Amid concerns over China’s growing dominance, nations have banded together. Earlier this year, countries including Britain, Canada, the US and Australia established a global partnership to secure access to critical minerals.

Relations between China and Canada have remained tense since the arrests of the Huawei executive Meng Wenzhou, and the Canadian businessmen Michael Kovrig and Michael Spavor in 2018. Recent reports that China is operating covert police stations inside Canada, prompting an investigation by federal police, has further chilled relations.

China pushed back on Thursday, calling Canada’s move a breach of cooperation between the two nations and an attempt to damage global supply chains.

“China urges Canada to stop the unreasonably targeting Chinese companies [in Canada] and provide [the companies] with a fair, impartial and non-discriminatory business environment,” a Chinese foreign ministry spokesperson, Zhao Lijian, told reporters, adding Beijing would defend the rights and interests of Chinese companies aboard.

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