Canadian Natural Resources Ltd plans royalty business spinoff as profit almost triples

Jimena Blanco, chief analyst at Verisk Maplecroft, says that geopolitical tensions are causing major shifts in global mining policies.

The company has yet to finish a feasibility study and expects to reach a final investment decision in the first half of next year.

Ottawa has decided to apply tariffs to imports of critical minerals from China.

The province has committed hundreds of millions in funding for mining projects through agencies like Investissement Québec, Soquem and Sidex.