Ontario woos China mineral mining investors despite government caution

Ontario, the largest mining jurisdiction in resources-rich Canada, is actively courting minerals mining investment from China, which has invested more in Australia than elsewhere.

This is despite uncertainty over the fate of Chinese offshore major CNOOC's US$15.1 billion proposed takeover of Canadian oil and gas producer Nexen after the Canadian government unexpectedly rejected over the weekend the C$5.17 billion (HK$40.3 billion) takeover of Progress Energy Resources by Malaysia's Petronas.

The Petronas deal had been expected to pass muster easily.

via Business feed http://www.scmp.com/business/commodities/article/1066814/ontario-woos-china-mineral-mining-investors-despite-government