Jinteng (Singapore) Mining filed the case in Federal Court over Ottawa’s plan to conduct a national security review of the miner’s purchase of two projects in Peru, which Jinteng is buying from Vancouver-based Pan American Silver. Jinteng argues Ottawa lacks jurisdiction to examine the deal. (The Canadian Press)
Talking point: The case comes amid rising tensions between Canada and China, as Ottawa considers raising tariffs on Chinese electric vehicles and increasingly closes off its critical mineral industry to foreign investors, particularly those from China. The Innovation Department reportedly told the company that it may do a formal review of a US$295-million deal announced in May, in which Pan American agreed to sell the gold and copper projects in Peru to Jinteng for US$245 million in cash, with an additional US$50-million payment contingent on production starting at the second site. Jinteng argues Ottawa would be acting beyond its powers because the sale doesn’t involve a “Canadian business” as defined by the law allowing for national security reviews.