In 2004, Minmetals Resources — a subsidiary of the Chinese state-owned company China Minmetals Corp. — backed away from a takeover of Canadian mining giant Noranda, partly due to a public backlash.
Well, they're back in the news again.
According to the Canadian Press, MMG Minerals, a subsidiary of Minmetals, is involved in the Izok Corridor project — a proposed multi-billion-dollar mining development in Nunavut.
"Some time in the new year, four federal ministers are to decide how to conduct an environmental review for the Izok Corridor proposal. It could bring many billions of dollars into the Arctic but would also see development of open-pit mines, roads, ports and other facilities in the centre of calving grounds for the fragile Bathurst caribou herd.
It would be hard to exaggerate the proposal's scope. Centred at Izok Lake, about 260 kilometres southeast of Kugluktuk, the project would stretch throughout a vast swath of western Nunavut."
Nunatsiaq Online claims that the project
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