Canada is not off-limits to Saudi mining ambitions, Al Khorayef says

There are no barriers to Saudi investments in Canada’s mining sector, despite the country outlining new rules in 2022 that take a tougher stance on foreign state-owned investments, Industry and Mineral Resources Minister Bandar Al Khorayef told Bloomberg in an interview. Al Khorayef, who is currently in Toronto meeting with Canadian mining firms, underscored the government’s confidence in state-backed funds’ ability to nab stakes in Canadian metal companies.

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