Meet the new boss, same as the old boss.
> Meet the new boss, same as the old boss.
A Canadian-based mining company long owned by a Chinese syndicate was recently transferred to a Swiss firm, in an apparent effort to escape scrutiny under Canada’s new rules to crack down on foreign investments (mainly Chinese) in the critical minerals sector for national security reasons. The original company, Canadian Royalties Inc. (CRI) is now run by Canadian Assets SA, but the President and CEO is the same Chinese mining executive and investor, James Xiang, who ran it for China, according to Quebec public records. The curious change came to Judicial Watch’s attention after publishing a story about the lobbyist brother of President Biden’s clean energy czar getting paid to lobby the U.S. government on behalf of Chinese interests seeking to corner the market on vital raw materials to produce electric vehicle (EV) batteries, which the administration continues to invest heavily in.
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A Canadian-based mining company long owned by a Chinese syndicate was recently transferred to a Swiss firm, in an apparent effort to escape scrutiny under Canada’s new rules to crack down on foreign investments (mainly Chinese) in the critical minerals sector for national security reasons. The original company, Canadian Royalties Inc. (CRI) is now run by Canadian Assets SA, but the President and CEO is the same Chinese mining executive and investor, James Xiang, who ran it for China, according to Quebec public records. The curious change came to Judicial Watch’s attention after publishing a story about the lobbyist brother of President Biden’s clean energy czar getting paid to lobby the U.S. government on behalf of Chinese interests seeking to corner the market on vital raw materials to produce electric vehicle (EV) batteries, which the administration continues to invest heavily in.
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