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Sovereign Wealth Funds Briefing - Categorized | Investment

Beijing will continue to invest, says Forrest

Posted on 15 June 2009

From Theaustralian.news.com.au: Fortescue chief executive Andrew Forrest is confident China will continue to invest in Australia despite the failure of Chinalco’s $US19.5 billion ($24bn) deal with Rio Tinto. China’s sovereign wealth fund China Investment Corp — a group with which Fortescue has had talks — is recruiting staff specialising in commodities.

Visiting Beijing to talk to investors about funding for his company, he warned that China was likely to have large stockpiles of iron ore and to face shipping queues for some time………Full Article: Source


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