Zijin Mining Group Company Limited Stock News

The deal went through swiftly and almost immediately prompted calls for a national security review.Just three months after Chinese-state-owned Zijin Mining Group announced its US$960 million plans to buy Canadian miner Neo Lithium, the proposal was signed, screened and delivered.At a corporate level, the deal made sense. Neo Lithiums biggest mine operation is in Argentina, where Zijin already has interests and plans to build a lithium carbonate plant. Canadian officials also said carmakers

"No National Security Risks": Trudeau Admin Turns Blind Eye To Chinese Takeover Of Canadian Lithium Miner According to Justin Trudeau''s liberal administration, the Chinese takeover of a lithium mine located headquartered in Toronto "poses no national security risks whatsoever," according to a report by True North. The report comes after Neo Lithium Corp. was purchased by Zijin Mining Group Co. without a national security review. Neo Lithium spokesperson Carlos Vicens said last month that the government had only conducted a brief security screening of the potential purchase, stating: The law states they have 45 days after announcement to start a review if they believe there is a specific concern. The timeline passed in early December and no review was done. Industry minister François-Philippe Champagne told True North: "This transaction was absolutely reviewed to make sure there was no security risk." Zijjin Mining acquired the company for $960 million. Neo Lithium "has developed one of the worlds largest overseas lithium brine projects in Argentina," the report says.

(Kitco News) - China''s Zijin Mining said today that its first lithium exploration project was recently launched in the Democratic Republic of the Congo (DRC) through Katamba Mining, a joint venture between Zijin and Congolaise d''Exploitation Minière (COMINIERE) of the DRC.

Industry minister pressed on when he found out about Zijin Minings proposed acquisition of Neo Lithium

State-owned Zijin Minings $960-million acquisition of Canadian lithium development company Neo Lithium Corp. has garnered criticism for lack of national security

TORONTO , Dec. 10, 2021 /CNW/ - Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC ) (OTCQX: NTTHF ) (FSE: NE2) is pleased to announce that shareholders of the Company approved the previously-announced plan of arrangement (the " Transaction ") with Zijin Mining Group Co., Ltd. (the " Parent ") and its wholly-owned subsidiary 2872122 Ontario Limited (together with the Parent, " Zijin "), at a special meeting of shareholders held today for that purpose. Zijin will acquire all of the issued and outstanding common shares of the Company (" Common Shares ") by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ). Each Neo Lithium shareholder will receive cash consideration of C$6.50 for each Common Share held upon the closing of the Transaction. The detailed voting results regarding approval of the special resolution in connection with the Transaction are as follows: A total of 52,609,268 votes were cast by holders of Common Shares, representing 37.20% of the total issued and outstanding Common Shares.

Aiming for underground mining by mid next year, Zijin Mining Company has embarked on infrastructural works, Director of Cor-porate Office, Compliance, and

Zijin Mining issued an announcement stating that the board of directors agreed to internally approve the construction of a 500,000 mt/year copper smelter project by Kamoa-Kakula Copper Project in Democratic Republic of the Congo (DRC).

TORONTO , Nov. 18, 2021 /CNW/ - Neo Lithium Corp. (" Neo Lithium " or the " Company ") (TSXV: NLC ) (OTCQX: NTTHF ) (FSE: NE2) is pleased to announce that it has filed and mailed its management information circular and related proxy materials (" Meeting Materials ") for the special meeting (the " Meeting ") of shareholders of the Company (" Shareholders ") to be held in connection with the proposed plan of arrangement (the " Arrangement ") between the Company, Zijin Mining Group Co., Ltd. (the " Parent ") and its wholly-owned subsidiary 2872122 Ontario Inc. (the " Purchaser ", and collectively with the Parent, " Zijin "), as previously announced on October 8, 2021 . The Meeting Materials have been filed under the Company''s profile on SEDAR at www.sedar.com . The Arrangement Under the terms of the Arrangement, the Purchaser will acquire all of the outstanding common shares of the Company (each, a " Common Share ") for cash consideration of C$6.50 per Common Share by way of a statutory plan of arrangement under the Business Corporations Act ( Ontario ).