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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China to buy into Canadian potash projects in Africa

Posted on 24 July 2009

From Resourceinvestor.com: The world’s largest consumer of mineral resources is fast becoming a key source of mining capital for Canadian companies – large and small. This reality was underscored earlier this month when state-owned China Investment Corp. purchased a 17.2% equity stake in Teck Resources.

Such developments bode especially well for Allana Resources. It announced just this week its own preliminary joint venture agreement with a major state-run Chinese mining company to build a potash mine on Allana’s property in the potash-rich Danakil Evaporate Basin………..Full Article: Source


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