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Last week<\/a> it emerged that China intended to start a second wave of its ferocious dollars-for-hard-assets campaign that went into full gear in the first half of the year.<\/p>\n It looks as though Canada will continue to be a major beneficiary of China’s plans.<\/p>\n MineWeb<\/a>: Canadian mining stocks jumped on Tuesday after Corriente Resources Inc (CTQ.TO), which has a copper-gold project in Ecuador, agreed to be taken over by Chinese suitors in their country’s latest bid for an international resource developer.<\/p>\n The C$679 million ($653 million) bid from Tongling Nonferrous Metals Group Holdings Co Ltd and China Railway Construction Corp Ltd (601186.SS), announced on Monday, comes more than a year after Corriente started talks to sell the company.<\/p>\n …<\/p>\n Other active miners on Tuesday included Guyana Goldfields Inc (GUY.TO), up 11 Canadian cents at C$7.85, and Stornaway Diamond Corp (SWY.TO), up 8 Canadian cents at 64 Canadian cents.<\/p>\n The bid for Corriente follows a slew of takeovers of Canadian-based firms by Chinese state companies that are flush with cash and hungry for resources.<\/p>\n Read the whole story — ><\/strong><\/a><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Last week it emerged that China intended to start a second wave of its ferocious dollars-for-hard-assets campaign that went into full gear in the first half of the year. It looks as though Canada will continue to be a major beneficiary of China’s plans. MineWeb: Canadian mining stocks jumped on Tuesday after Corriente Resources Inc […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-114630","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/114630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=114630"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/114630\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=114630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=114630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=114630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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