Canada to unveil billions in mining deals at G7 energy summit.

Canadian Prime Minister Mark Carney said his government will soon announce more than 20 investments in critical minerals projects, with a total value of about C$2 billion (US$1.40 billion or RM5.98 billion).

The announcements will be made on Friday at the Group of Seven (G7) energy ministers’ meeting in Toronto, Carney said during a speech at the Asia-Pacific Economic Cooperation CEO Summit in South Korea on the same day.

Canadian Energy Minister Tim Hodgson will unveil “over 20 new investments, deals in critical minerals, totalling in almost C$2 billion of support, and that’s just the start”, Carney said.

He didn’t provide further detail of the deals, and joked that due to the time zone he was scooping the planned news by Hodgson.

During the Toronto meeting, the G7 countries are also set to announce a critical minerals production alliance that would include supply agreements in a bid to counter China’s dominance in the sector.

Source: Theedgemalaysia