The Globe and Mail reports in its Wednesday edition that SRG Mining has called off its financing deal with a Chinese company after Canada's Industry Minister publicly chastised the miner for trying to skirt a national-security review. The Globe's Niall McGee writes that last summer, China-based Carbon One New Energy Group, also known as C-One, proposed buying a 19.4-per-cent share of SRG's Lola graphite project in West Africa for $16.9-million. For the first few months after the deal was announced, Montreal-based SRG told its investors that the deal was subject to a national-security review by the Canadian federal government. SRG eventually announced that it was planning on redomiciling in the Middle East, a legal manoeuvre it said would negate the requirement for the security review. "It's never smart to try to circumvent the rules," Minister of Innovation, Science and Industry François-Philippe Champagne told The Globe on Monday. Ottawa is prepared to use "every tool at our disposal" to make sure Canadian law is respected, he added. SRG chief executive officer Matthieu Bos said in a Tuesday news release that the decision to call off the deal was "challenging," but made in the interest of safeguarding shareholders.