In order to grow, Canada’s mining sector will require significant investment from foreign companies. The Canadian government has turned its focus to estimate the potential economic impact of these foreign investments on the mining sector.
On December 7, 2012, new guidelines were released applicable to future acquisitions of Canadian businesses by state-owned entities (SOE).
The Investment Canada Act (ICA) outlines provisions for reviewing foreign investments in the Canadian mining sector, as well as framework criteria for assessing whether such investment is likely to be of “net benefit” to Canada.
Download our paper to learn more about the net benefit test for investing in the Canadian mining sector.