China’s Investments into Mining Take It to Canada

China’s quest to secure rare metals and important materials takes it across the globe to the mineral-rich regions of Canada. The Canadian province of Saskatchewan is a mining hot bed. There are over 25 mines operating in the area already that churns out a diverse range of materials and metals. The area holds reserves of uranium, silica sand, gold, sodium sulphate and potash among others. Prairie, another province close by, is studded with mineral resources and rare materials such as platinum, diamonds, palladium as well as copper, nickel, and zinc.

Even though the diplomatic relations between the two countries are far from ideal, business seems to be unaffected by it. The provincial authorities in the mineral-rich Saskatchewan province are not bothered by the recent diplomatic row over Canada’s withholding of a Chinese businesswoman. They are also quite optimistic for a similar response from their Chinese counterparts.

The mining industry is considered to be quite complex and a high-risk industry and Canadian government officials are more than willing to assist Chinese businesses in entering and settling in the local industry.

There are a number of Chinese firms that have established a strong foothold in the Canadian mining sector already. Over the past decade, many Chinese businesses have entered the local mining scene in the province of Saskatchewan. Some have even gone on to set up their own mining ventures. The investment climate is quite welcoming in the Canadian markets. Canadian officials are known to work closely with the foreign investors to help them understand the local landscape.

Many Chinese businesses that have established a strong footing in the mining sector in the province have been provided help by the local authorities. The help has come in the form of business advice, education, and familiarizing Chinese investors with the best practices in the sector and more.

Chinese investors seem to be happy with the help they have received in the form of financial, investment, and business advice from the local authorities. Chinese investors on their part have been engaging with the local communities and building good relations with the locals. This has been the basic modus operandi of moist Chinese investments abroad.

Even investments that have been made in less developed African economies have been largely successful due to Chinese investors’ engagement with the local community. As a result, most of these investments abroad are seen in a positive light by the locals in the host countries.