If you look at all worldwide metal (not cement / stone) mining companies, the largest share - around 50% - are Canadian. Not US, UK, South African, Russia or China, but Canadian.
Canadians have mines in Mexico, US, Cuba to Kaszakstan, Mongolia to the Mojave, effectively everywhere.
As for Canadian resources as such, exploration continues, with more tar sands being delineated in Saskatachewan, more metal mines in the Northwest Territories, etc.
Canada is in a posistion to sell SOME developed assests for top dollar, and continuing to find and create new assest and companies.
Your point is very valid for situation is nickel, but nickel was always concentrated in a few players anyway. Note that Canadian shareholders (of Inco and Falconbridge) did get a very good price.
Ten years from now, will that price be seen as a bargain for the buyer or the sellers ?
It is almost like foreign capital buying US tech or biotech companies - except for a few really important ones (Intel), most foreign buyers can all the AMD they want...
Canada has the expertise to create & find mines. |
