Pierre Poilievre says \u0027hostile foreign takeover\u0027 of Teck Resources would threaten jobs and critical resources. Read more
Glencore has repeatedly rebuffed the criticism, saying it would continue to have offices in Canada after the merger and that its No. 1 priority would be to ensure the health and safety of local communities.
Prime Minister Justin Trudeau’s government has taken a number of steps in the past year to ensure Canadian mining projects involving critical minerals such as copper and lithium remain under Canadian control — or at least the control of allies. Ottawa and some provinces, including Ontario, are keen to capitalize on the green transition by developing new mining projects that would secure Canada’s place in the supply chain for electric vehicles and other clean technology.
In October, the federal government said that in future any attempt by a state-owned enterprise to purchase critical mineral assets in Canada could be subject to extended reviews. Weeks later, the governmentto exit the three Canadian lithium miners in which they had invested. Still, all foreign investments, regardless of size or level of control, are subject to a national security review. In 2010, former prime minister
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