Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Canada cracks down on foreign mining investment to defend national interests

10 july 2024

Canadian authorities plan to implement stringent measures governing foreign capital in the critical minerals mining sector to protect its national interests in the face of global competition from such countries as China.

Canada’s Industry Minister Francois-Philippe Champagne said that future mergers and acquisitions involving Canadian critical minerals mining companies would only be sanctioned under “the most exceptional of circumstances”, as reported by Mining Weekly.

He emphasized that while foreign investment remained important for smaller Canadian firms to further exploration and site development efforts, the government's primary focus was on safeguarding national security and economic interests.

Transactions involving important Canadian mining companies engaged in significant critical minerals would be subject to "net benefit" reviews under the Investment Canada Act.

“This high bar is reflective of the strategic importance of Canada’s critical minerals sector and how important it is that we take decisive action to protect it,” Champagne said.

"Canada welcomes foreign investment and recognises its importance," the minister added, but clarified that the country also has to “balance strategic interests while supporting the development of resources.”

Earlier this year, a study conducted by the University of Alberta showed that Chinese investors have continued to pour money into Toronto-listed miners. Canada had forced three Chinese investors to sell their stakes in Canadian critical mineral companies in 2022. Some of these companies did not have their mines in Canada.

Theodor Lisovoy, Editor in Chief, Rough&Polished