This past weeked has really backed up my work schedule, not a lot of time for posting, but I wanted to mention that everyone should read The Walrus. It’s sort of like the Canadian version of the very, very, very good Atlantic magazine.
Couldn’t resist this…for all of you people whining about how Canadian ‘soverigntry’ is being threatened by the United States.
Last month, China Minmetals, the metals trading arm of the Beijing government, agreed in principle to buy Noranda for about $7-billion (Canadian). Noranda, 42 per cent owned by Brascan, controls Falconbridge, meaning the Chinese are bagging two of the country’s top mining and smelting players in one fell swoop. Chinese oil companies are on the prowl. Sinopec is thought to be stalking Husky Energy, controlled by Hong Kong billionaire Li Ka-shing. The Chinese government reportedly controls 53 big companies, each of which has been authorized to buy anything it needs anywhere on the planet. Red scare redux?
Falconbridge operates in the strategic Alberta Oil Sands….