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CFIUS blocks Chinese investment in US mining company

  • White & Case LLP
  • -
  • USA
  • -
  • February 26 2010

In December 2009, Northwest Nonferrous International Investment Company Limited, a Chinese entity, abandoned its planned acquisition of Firstgold Corporation, a US gold mining company, as a result of a decision by the Committee on Foreign Investment in the United States (CFIUS) to recommend that President Obama block the transaction