Canada’s move to protect mining sector shields takeover targets
Teck Resources spent much of last year fending off Glencore’s $23 billion takeover attempt before the Swiss company opted instead to just buy the company’s steelmaking coal business.
For Saskatchewan there's a great importance here. We've seen our exports to China from Saskatchewan triple from 2006. We've moved past Ontario and Quebec in terms of the exports to China specifically. In the first half of this year we're up 103% over the first half of last year and typically our best exporting months come at the back end of the year.Image courtesy of the Saskatchewan Premier's channel via Youtube" /> made the comments during an interview with Canada's CBCin Hong Kong during a group visit to China with other Canadian premiers for the purpose of boosting business ties. According to Wall the Canadian prime minister's negotiation of the Nuclear Cooperation Agreement with China could enable Saskatchewan to export $3 billion into what he refers to as the "most robust nuclear power program in the world." Wall extolled the benefits of trade with China for Saskatchewan, saying China's food and energy needs will serve as an immense boon for the province's potash and uranium exports.
For Saskatchewan there's a great importance here. We've seen our exports to China from Saskatchewan triple from 2006. We've moved past Ontario and Quebec in terms of the exports to China specifically. In the first half of this year we're up 103% over the first half of last year and typically our best exporting months come at the back end of the year.Image courtesy of the Saskatchewan Premier's channel via Youtube" />
Brad Wall, premier of the Canadian province of Saskatchewan, says the negotiation of a nuclear agreement between Canada and China could lead to huge exports of uranium from the prairie province to the PRC.
According to Wall the Canadian prime minister’s negotiation of the Nuclear Cooperation Agreement could enable Saskatchewan to export $3 billion in uranium to China for what he refers to as the “most robust nuclear power program in the world.”
Wall made the comments during an interview with Canada’s CBC in Hong Kong during a group visit to China with other Canadian premiers for the purpose of boosting business ties.
Wall also extolled the benefits that expanded trade with China has brought to Saskatchewan thus far, and observed that China’s security needs with respect to food and energy will serve as a major boon in future for the province’s potash and uranium sectors.
Image courtesy of the Saskatchewan Premier’s channel via Youtube
