Gold Mine In U.S. National-Security Incident

As reported by Kishori Krishnan at Gold Investing News, the sale of 51% of Firstgold to the PRC's Northwest Nonferrous International Investment Company has been blocked by the U.S. government on national-security grounds. The story compares the takeover to the blocked "acquisition by Dubai Ports World of Peninsular and Oriental Steam Navigation Company’s US ports management business."


The mine isn't that near the U.S. naval base that's the object of the block. The U.S. government doing so could be seen as sending the PRC a message.


Update: Northwest Nonferrous has now withdrawn its offer.