Canadian officials said the opening of China potash resources.

<P> Potash in Canada Group (PotashCorp.) acquisition into a stalemate on the occasion, Saskatchewan, Canada (hereinafter referred to as "Saskatchewan"), the provincial capital of Regina (Regina) City, the officials Oct. 26 to accept newspaper .press interview, said the acquisition for Potash acquisition of resources in general different, more sensitive, "but this does not mean we do not welcome the project funded to intervene in the acquisition of potash." </ P> <P> "in nature Saskatchewan .exploitation of resources, there are many examples of cooperation with foreign capital, but the bid on the Potash case is very different example, because of the acquisition means the acquisition of those - whether or BHP Billiton in technology, will have more than half of the world's potash .ownership, which determines the nature of this acquisition is not the same. "Regina City Economic Development Department (RROC) Ministers and Chief Executive Officer LarryHiles said. .</ P> <P> Potash is located in Saskatchewan, the province has the world's proven reserves of 53% of the potash resources, it also has the world's most advanced potash mining technology. .In addition, Saskatchewan also has the world's largest reserves and highest grade uranium deposits that have been proven. .</ P> <P> As of 2009, Saskatchewan to attract non-United States, Britain, Japan and foreign direct investment (FDI) was only 2.2% of FDI in the province, therefore, by virtue of its rich resources (global 1 / 3 .potash production, 25% of global uranium production, 430 billion barrels of conventional oil reserves), and the highest economic growth rates across Canada, the mayor of Regina Regina, and Saskatchewan PatFiaco hope in the future to attract more Chinese capital .. .</ P> <P> funded intervention in the resources industry </ P> <P> While the overall proportion is not high, but Fiaco disclosed in the oil capital of the province has been very active. ."Last night (25 night) I met with investors from China, they invested in the oil fields in southern Saskatchewan, they have carried out many investors in Alberta, and now they are office visits Regina .facilities and intends to invest more in the province, they also intended to include the senior vice president, including the presence of Regina. "</ P> <P> Hiles this adds that traditionally, 70% of Saskatchewan's oil production .all exports to the U.S., while North America's most attractive geological structure of conventional crude oil - Buchan a large part of the structure is located in the province, geologists have confirmed that the oil sand construction area of over million square kilometers, "mainly in the field .the southeastern and western province, and potassium is mainly in the central province of production. " .In 2009, oil and gas for the province to create a 97 billion dollars in revenue. .</ P> <P> in the oil sands resource-rich provinces of Alberta, adjacent to, including CNOOC and other companies have substantial influence their investment and production, Hiles said this, the administrative center of Saskatchewan in Regina, business .must come to the city for resource products, trading, exploration and deposit the same time, including the processing of leases, the provincial capital of natural resources is clearly of interest to be considered in the establishment of commercial presence in the city. .</ P> <P> In fact, Saskatchewan, also with the Alberta, British Columbia, also located in the two western provinces of Canada established a business alliance, joint efforts to attract investments from China. .</ P> <P> Hiles said that the recent hot spot for investment, including oil refining capacity is located in Regina upgrade program, which can increase its production capacity 30% at a cost of 20 billion Canadian dollars - now Saskatchewan's largest refining capacity .to be placed in Regina. .In addition, Regina also focused a lot around the potash mine, in addition to a large potash mines already in operation, there are three large mines ready for production. .</ P> <P> between sensitive and open </ P> <P> concern is that Chinese companies, acquisition of Potash of Saskatchewan attracted opposition in the capital will affect the further development in Canada? .</ P> <P> Fiaco this, said: "We have to understand Yes, yes to the Saskatchewan provincial government approval of foreign investment, the provincial government must be involved in investment as a sensitive natural resources investments, as the Chinese Government involved .resources, investments, investment will be considered sensitive. "</ P> <P> Regina Provincial Department of Economic Development and the SA of natural resources in dealing with foreign interest in working closely on the so called position and Saskatchewan Hiles .consistent attitude of the Government. ."Including information on foreign investment, including the welcoming attitude, can spur economic development in Saskatchewan, I believe that no one will suddenly open door policy on the steering. Foreign capital may be in touch with us, and then apply for government approval." < ./ P> <P> in the capital of Saskatchewan on expectations, not only is the level of funding alone. ."Of course money is very attractive, in addition, brought in the talent and capital market access is also important. From China's entrepreneurs have a background of all walks of life, they will bring their own experience of Regina and the province to promote .the overall development of the economy. "Even more critical is that baby boomers will retire in the next few years, Fiaco said Saskatchewan in order to maintain normal economic operation and further growth, the province needs to attract more investment immigrants, including Chinese immigrants, etc. .. .</ P> <P> is worth mentioning that this is Fiaco and Hiles, respectively the fifth and seventh visit to China. ."In addition to China, we do not put on any one overseas market had so much energy." Hiles emphasized. .</ P>.