GREY:ESOFD - Post by User
Post by
infocountson Jul 07, 2013 4:48pm
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Post# 21593090
CTV on possible lifting of ownership restrictions
CTV on possible lifting of ownership restrictions Excerpt:
The document ... says that Canada is willing to get rid of non-resident ownership restrictions on the uranium industry. Current regulations cap foreign ownership of uranium mines at 49%.
"Canada will revise the conditions allowing for majority control over a company for the stage of first production for uranium mining and allow EU companies to obtain approval more easily," the document says.
Saskatchewan is one of the world's leading uranium producing regions in the world. Premier Brad Wall and industry players have been pushing Ottawa to relax the foreign ownership restrictions in the sector.
Read more: https://www.ctvnews.ca/business/canada-gets-expanded-quota-for-autos-in-eu-talks-1.1357073#ixzz2YOWCeCpL